fake trading app
Mumbai Lawyer Loses Rs 9.94 Crore in Sophisticated Cyber Investment Fraud Scheme
Nov 13, 2025 04:59 pm CST
A 65-year-old retired lawyer from Mumbai fell victim to an elaborate cyber scam, losing Rs 9.94 crore after being lured into investing through a fake trading app impersonating a reputable financial firm. The fraudsters created a convincing facade using WhatsApp groups and fake investment platforms to deceive the victim over several months before disappearing with his money.
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.