Pune Investor Loses Rs 98 Lakh in Fake Stock Market App Scam
1 hour agoCrime
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1 SourcesPimpri-Chinchwad, India
TBNthebalanced.news
Pune Investor Loses Rs 98 Lakh in Fake Stock Market App Scam

A Pune resident lost over Rs 98 lakh in a sophisticated stock market scam involving a fake trading app and a lookalike investment group. Lured by promises of high returns and convinced by the group's resemblance to a legitimate firm, the victim invested through a mobile application. The scam unraveled when the victim attempted to withdraw funds, only to be asked for more money. Cyber police are investigating and warn against guaranteed high returns as a red flag.

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