A major cyber fraud case has come to light where a 71-year-old retired telecom engineer from Sector 104 was allegedly duped of nearly ₹75 lakh by fraudsters posing as stock trading experts. The scam, which began through a WhatsApp message, unfolded via a fake trading platform designed to appear legitimate.
How the WhatsApp Trading Trap Was Set
According to the victim, he received a WhatsApp message on February 25 from an unknown individual inviting him to join a trading group. The message claimed that the group operated in Indian stock markets (NSE) as well as the US-based NASDAQ under Foreign Institutional Investor (FII) arrangements, offering assured profits through technical trading strategies and IPO investments.
Investigators revealed that after joining the group, the victim began receiving regular stock tips, investment strategies, and screenshots showing profits made by other members. This created a sense of credibility and gradually built trust. He was then instructed to invest through a mobile application provided by the fraudsters, which closely resembled a genuine trading platform.
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Initially, the victim invested a small amount and was able to withdraw a profit of ₹8,000 successfully. This early return played a crucial role in reinforcing his confidence in the platform. Encouraged by this, he continued investing larger sums over time.
From ₹75 Lakh to Blocked Account
Between February 25 and March 3, the victim transferred a total of ₹75 lakh through multiple transactions. Throughout this period, the platform displayed consistent profits, giving the impression that his investments were growing steadily.
However, when the victim attempted to withdraw a larger amount, his trading account was suddenly blocked. He was then pressured to invest additional funds and was even threatened with so-called “legal action” if he failed to comply. This raised suspicion, prompting him to realise that he had fallen victim to a scam.
The victim subsequently approached the cybercrime police and filed a complaint. Authorities have registered a case under relevant provisions and initiated an investigation into the bank accounts and digital trail associated with the fraud.
Tactics, Warnings, and Ongoing Probe
Officials stated that this case highlights a well-organised cyber fraud model where social media platforms, fake applications, and psychological manipulation are used in combination. Typically, fraudsters first gain trust by showing small profits and then gradually lure victims into investing substantial amounts.
Cyber crime expert and former IPS officer Prof. Triveni Singh explained that social engineering plays a critical role in such scams. “Fraudsters first build trust and then push victims to invest increasing amounts. Once the victim is fully trapped, withdrawals are blocked and further payments are demanded,” he said.
He also warned that blindly trusting unknown WhatsApp groups, trading apps, or investment schemes can be extremely risky. Investors should always verify the authenticity of platforms and use only authorised and regulated channels for financial transactions.
Experts further emphasised that awareness remains the strongest defence against such frauds. Any platform promising unusually high or guaranteed returns should be treated as suspicious.
Police are currently working to identify the accused and trace the broader network behind the operation. Investigators are also examining whether other individuals have been targeted using a similar modus operandi.
Authorities have urged citizens to report any suspicious investment offers or online activities to cyber helplines or law enforcement agencies promptly, so that timely action can be taken to curb such financial crimes.
About the author – Ayesha Aayat is a law student and contributor covering cybercrime, online frauds, and digital safety concerns. Her writing aims to raise awareness about evolving cyber threats and legal responses.
