Breaking News: Ghaziabad Lawyer Loses Rs 60 Lakhs in Stock Market Cyber Fraud
Ghaziabad, [Current Date] – In a shocking incident, a prominent lawyer from Ghaziabad has fallen prey to a sophisticated cyber fraud, resulting in a loss of Rs 60 lakhs. The victim, who initially saw promising returns on his stock market investments, was later duped by the fraudsters into paying more money for tax and other unspecified fees.
Initial Profits Lured the Victim into a False Sense of Security
The lawyer first invested in the stock market on May 13, after being approached by a woman named Shanaya Saxena on Facebook. Initially, the victim received a profit of Rs 4,000, which built his trust in the investment platform. Over time, the fraudsters continued to show profits, eventually persuading the victim to deposit Rs 16.46 lakhs in the name of tax.
Red Flags Ignored as Losses Mount
However, when the victim attempted to withdraw his money, he was asked to pay an additional Rs 30 lakhs. This request raised suspicions, but the victim’s trust in the fraudsters’ initial profits had already been established. The fraudsters used various tactics, including claiming that the account was frozen and threatening to deduct a percentage of the amount daily if the victim failed to comply.
Police Investigation Underway
Recognizing the severity of the situation, the lawyer lodged a complaint with the cybercrime police station in Ghaziabad. The police have registered a case and are currently investigating the matter to bring the perpetrators to justice. This incident underscores the importance of being vigilant and cautious when investing online, especially in the stock market.
Expert Tips to Avoid Stock Market Cyber Fraud
1. Verify the Legitimacy of Investment Platforms: Always ensure that the investment platform is registered and regulated by the appropriate financial authorities.
2. Be Wary of Unusual Requests: If an investment platform asks for additional funds for taxes or other fees, verify the authenticity of these requests through official channels.
3. Monitor Transactions Closely: Regularly check your investment account for any unusual activity and report it immediately to the platform and relevant authorities.
4. Avoid Sharing Personal Information: Be cautious about sharing personal and financial information online, as this can be used by fraudsters to exploit your accounts.
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