FACEBOOK STOCK SCAM: CHARTERED ACCOUNTANT'S DAUGHTER DUPED OF MASSIVE RS 7.6 CRORE

A chartered accountant's daughter from Faridabad fell victim to a fraudulent scheme, losing a staggering sum of Rs 7.6 crore under the guise of investing in stocks through Facebook links. The woman, employed alongside her father in a management company in Delhi and an active stock market trader for about two years, received a seemingly promising link on January 4 via Facebook, luring her with lucrative returns.

According to The Times of India report, upon clicking the link, she was directed to a WhatsApp group titled "ICICI IR TEAM (57)", where members purportedly showcased significant profits. Encouraged by the apparent success stories, she decided to invest her own funds in the stock market. Subsequently, she was added to another group named "C6Ram Investment Academy" and instructed to add funds through customer service channels. Following the fraudsters' directives, she transferred varying amounts of money into different bank accounts.

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One of the perpetrators, Kareena Rajput, allegedly contacted the victim, claiming association with an investment trading company and indicating that she had obtained the victim's bank details from their customer service for facilitating fund transfers. Consequently, the victim initiated transfers totaling Rs 7.6 crore, including significant amounts from her father's and mother's accounts. The transactions were made under the belief that the shares purchased were yielding profits, only for the victim to realize she was being deceived when requesting returns.

The report added that the victim filed a complaint through the cyber portal, revealing that the funds were converted into USDT (a cryptocurrency) and transferred to accounts in China. Amit Kumar, the cyber police station in-charge, highlighted the sophisticated scheme orchestrated by the accused to entice individuals into fraudulent investments in the stock market through online groups.

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Law enforcement efforts led to the arrest of multiple individuals across various locations, including Bengaluru, Uttar Pradesh, Delhi, Bikaner, Jodhpur, and elsewhere. Police seized numerous mobile phones, SIM cards, cheque books, ATM cards, and cash totaling Rs 15.2 lakh.

2024-05-05T09:39:37Z dg43tfdfdgfd