Pune Man Loses 54 Lakh in Stock Market Double Profit Scam; Cybercrime Soars
Pune
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News18•29-01-2026, 15:28
Pune Man Loses 54 Lakh in Stock Market Double Profit Scam; Cybercrime Soars
- •A 51-year-old Pune resident from Mundhwa was defrauded of nearly 54 lakh rupees in a stock market investment scam.
- •The victim was lured with promises of high returns and instructed to deposit money into various bank accounts over 1.5 months.
- •The fraud occurred between November 10, 2025, and December 24, 2025, with the victim investing a total of 53.87 lakh.
- •When the victim sought returns, the fraudsters evaded, leading to the loss of all his savings.
- •Pune Cyber Police are investigating and urge the public to be wary of investment advice on social media platforms like Telegram and WhatsApp.
Why It Matters: A Pune man lost 54 lakh in a stock market scam, highlighting the rising cybercrime threat and need for caution.
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