Bengaluru Resident Loses Rs 80 Lakh in Sophisticated Online Trading Scam Through Fake App

Nov 13, 2025 01:49 am CST

A Bengaluru man has fallen victim to an elaborate online trading scam, losing over Rs 80 lakh after being lured through a WhatsApp group into investing in a fraudulent trading app called ACS Trade. Despite transferring funds in multiple installments, the victim received neither returns nor his original investment, highlighting the growing threat of sophisticated digital financial fraud schemes in India.