An AI-generated illustration of an elderly man in Baner after he lost money to share-trading fraud
An officer from Baner police said the complainant received a call from an unknown number on Sept 1. You Can Also Check: Gold Rate in Pune | Silver Rate in Pune | Bank Holidays in Pune | Public Holidays in Pune | Petrol Price in Pune | Diesel Price in Pune | CNG Price in Pune | LPG Price in Pune Earlier reporting noted: Pune man loses ₹5.42 lakh in crypto trading scam Pune: A 66-year-old chemical trader from Kothrud lost Rs 5.42 lakh after cybercrooks promised attractive returns and lured him into investing in cryptocurrency through a fake trading platform. Because the app showed that he was earning substantial profits, the elderly man continued investing.
He then started giving him investment tips,” the officer said. Earlier reporting noted: The complainant received a message from one “Anish”, who promised daily profits from investments in the Tether (USDT) stablecoin through his company. Earlier reporting noted: “The complainant initially transferred the money from his wife’s and son’s bank accounts to buy USDT and was shown his investment had grown to Rs 24.66 lakh,” a police officer said.
The crook promised him attractive returns on his stock market investments last month. The caller claimed to be an executive of a prominent stock broking firm and assured the elderly man of good returns on his investments through the firm. “The caller provided detailed information about the stock market and asked the complainant to download an app. The caller shared bank account details with the complainant to transfer money for investments. The complaint stated that the suspect added the man to an online group and shared a link purportedly of a trading platform.
The man lodged a complaint with Baner police, which registered a case on Thursday.
Pune: A 78-year-old man from Baner became the latest victim of a share-trading fraud after a cybercrook, posing as an executive of a prominent stock broking firm, duped him of Rs 32 lakh.