Online Trading Scam: Doctor Defrauded of Rs 53 lakh

As per a TOI media report, the fake portal initially showed huge profits. The doctor’s balance appeared to grow from Rs 12 lakh to nearly Rs 98 lakh. However, when he tried to withdraw the money, the scammers started making more demands.

They asked him for a 20% brokerage fee first, then asked for 15% government tax. After transferring the amount, they demanded Rs 10 lakh as margin money, threatening to tarnish his CIBIL score if he refused. When he refused, they blocked his account. In total, he only received Rs 1,200 back.

"When I refused to pay, they blocked my account, which was when I realised I had been defrauded. In return for all of my money transfers, they deposited only Rs 1,200 in my account," said the doctor in his complaint. 

Following this, he approached the cyber police station and registered a case under sections 66C and 66D of the IT Act and 111(2)(b) (organised crime), 318(4) (cheating and dishonestly inducing delivery of property), 319(2) (cheating by personation), 336(3) (forgery for purpose of cheating), 338 (forgery of valuable security, will, etc), 340(2) (using as genuine a forged document or electronic record) of the Bharatiya Nyaya Sanhita (BNS).

Police have launched an investigation and are analysing the bank transaction details to identify the fraudsters.

Also read- Kolkata doctor loses Rs 36 lakh to online investment scam, accused arrested