Bengaluru Techie Couple: A couple from Banaswadi, Bengaluru, lost ₹1.53 crore in an online trading scam. They managed to recover ₹1.4 crore with the help of local cybercrime police, who froze over 50 accounts associated with the fraud .

Noida Resident: A man from Sector 128, Noida, was duped of ₹70 lakh in a fake trading scam. He was added to a WhatsApp group promoting over-the-counter and IPO investments, leading him to open a broker account and make multiple deposits .

Surat Businessman: Ankit Vinod Ribadiya, a textile factory owner from Kamrej, Surat, lost ₹43.83 lakh in a forex trading scam. He was introduced to an online platform promising high returns and was encouraged to reinvest, ultimately suffering significant losses .

These incidents highlight the increasing prevalence of online trading scams targeting individuals across various cities. It’s crucial to exercise caution and verify the legitimacy of investment platforms before making any financial commitments.

Sources