In one instance, a Faridabad stock trader lost Rs 7.6 crore after being lured by promises of lucrative investments on social media. The victim s complaint prompted a cyber police investigation and arrest of many persons involved in the scam.
A chartered accountant’s daughter from Faridabad was cheated of Rs 7.6 crore on the pretext of investing in stocks through Facebook links. 16 persons have been arrested in connection with the case from various locations including Bengaluru, Jaipur, Jodhpur, Bikaner, Delhi, Faridabad, Lucknow, and Gurgaon. The funds were converted into USDT (a cryptocurrency) and transferred to accounts in China. The accused were tracked down using confidential sources and technical assistance, leading to the recovery of 24 mobile phones, 556 SIM cards, 67 cheque books, and 62 ATM cards, alongside Rs 15.2 lakh in cash.