Pune Man Loses ₹61 Lakh in Instagram Stock Market Investment Scam
Pune
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News18•31-01-2026, 13:53
Pune Man Loses ₹61 Lakh in Instagram Stock Market Investment Scam
- •A young man from Wagholi, Pune, lost ₹60.90 lakh to cyber fraudsters after clicking on an Instagram ad.
- •The ad promised 200% returns on stock market investments, luring the victim into a WhatsApp group.
- •Fraudsters gained his trust with fake profit figures, initially asking for small investments, then larger sums.
- •The victim invested his savings and borrowed money, totaling ₹60.90 lakh, into accounts provided by the scammers.
- •He realized the fraud when he was asked for more money to withdraw his supposed profits, leading him to file a police complaint.
Why It Matters: Beware of attractive online investment ads; a Pune man lost ₹61 lakh to an Instagram stock market scam.
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