Pune IT Professional Falls Victim to ₹40.26 Lakh Online Gold Investment Scam
A 37-year-old IT professional from Balewadi, Pune, lost over ₹40 lakh in a fake online gold investment scheme, highlighting the evolving tactics of cyber fraudsters.
Cyber FraudOnline InvestmentGold ScamIt ProfessionalPuneReal Estate PuneMay 16, 2025
Frequently Asked Questions
What is the modus operandi of the scammers in this gold investment scam?
The scammers approached the victim through a popular messaging app, shared a link to a fake online gold trading platform, and promised high returns to trick the victim into investing.
How much money did the IT professional lose in the scam?
The IT professional lost a total of ₹40.26 lakh in the scam.
What steps did the police take after the complaint was filed?
The police are tracking the financial trail to identify the recipients of the transferred funds and are investigating whether the same group is linked to similar frauds reported in other parts of the city.
What advice did the police give to the public to avoid such scams?
The police advised the public to remain cautious of unsolicited investment offers shared via social media or messaging apps and to verify the legitimacy of any investment before proceeding.
How can individuals protect themselves from online investment scams?
Individuals should verify the legitimacy of investment offers, avoid unsolicited offers, and be wary of promises of unusually high returns. It is also advisable to seek professional financial advice before making significant investments.
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