A 70-year-old Mulund resident lost Rs 1.24 crore in a cyber fraud after being lured by promises of 30% profit in share trading. The victim, a retiree, invested his savings after clicking on a Facebook advertisement and interacting with individuals posing as financial advisors. He made 30 transactions between August 22 and November 21, transferring funds to accounts provided by the fraudsters, who manipulated his virtual trading account to show profits before he lost his entire investment.