
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.