Varanasi Youth Duped of ₹54 Lakh in Sophisticated Online Share Trading Scam

A youth in Varanasi was swindled out of ₹54 lakh in an elaborate online share trading scam, lured by promises of high profits. Police are investigating the cyber fraud, warning the public to beware of fake investment off

Varanasi: Cyber fraudsters swindled 54 lakh rupees from a youth by luring him with promises of huge profits in share trading. The victim had received a link via social media, through which he got an investment offer. Initially, the fraudsters gained his trust by showing small profits on minor investments.

Subsequently, the group admin and online advisors continuously pressured him for larger investments. The youth transferred a total of 54 lakh rupees to various accounts. When he tried to withdraw his profits, the platform blocked the transaction and made excuses for him to deposit additional funds. After some time, the fraudsters completely cut off contact.

The victim has filed a complaint with the cyber cell and the police regarding the matter. Police are now investigating the bank accounts and mobile numbers linked to the transactions. Following the incident, people are being advised to be cautious of unknown links, fake trading apps, and offers tempting them with high profits.

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