Four Gurgaon residents have allegedly lost nearly ₹1.2 crore in separate online investment frauds after being promised high returns through share market and trading schemes.
Cybercrime police have registered FIRs in all four cases and are investigating the transactions, bank accounts and mobile numbers linked to the alleged fraudsters.
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How Did One Victim Lose Around ₹71 Lakh?
The largest loss was reported by a Sector 58 resident, who alleged that he lost around ₹71 lakh between January and July this year.
According to his complaint, the accused initially persuaded him to invest ₹22,500 and later sought ₹50,000, ₹1.5 lakh and other amounts on different pretexts.
He was promised substantial returns and commissions on his investments. When he later attempted to withdraw the money, the accused allegedly failed to provide a satisfactory response.
How Did a WhatsApp Group Lead to a ₹19.50 Lakh Loss?
A Sector 12 resident alleged that he lost ₹19.50 lakh between June 16 and August 6, 2025, after being added to a WhatsApp group where investment-related information and promises of high returns were shared.
Following instructions from the accused, he transferred money from his ICICI Bank account to several bank accounts. The accused allegedly stopped responding to his calls and messages after receiving the money.
The victim had earlier reported the matter on the National Cybercrime Reporting Portal. Police managed to get around ₹8.50 lakh frozen in different bank accounts.
What Happened in the Third Trading Fraud?
In another case, a complainant alleged that he lost ₹13 lakh in an online trading scheme.
The accused allegedly persuaded him to invest and instructed him to transfer ₹12.50 lakh and another ₹50,000 to different bank accounts.
How Was a Woman Allegedly Targeted Through Telegram?
A Sector 58 woman alleged that she lost ₹11.76 lakh after being approached through Telegram.
The accused allegedly promised her profits from online trading and persuaded her to transfer money. Her complaint is among the four cases now being investigated by cybercrime police.
What Are Police Investigating?
Police are examining the transactions in all four cases and tracing bank accounts and mobile numbers allegedly linked to the fraudsters.
FIRs have been registered in each case, while investigators are working to establish the financial trail and identify those involved.
What Have Experts Advised Investors?
Officials advised people not to trust investment offers circulated through unknown WhatsApp or Telegram groups. They also urged people to verify the credentials of investment platforms before transferring money.
Victims of cyber fraud have been advised to immediately call 1930 and report the incident through the National Cybercrime Reporting Portal.
The420 Takeaway: “High Returns Can Hide a Costly Trading Trap”
The four complaints show a recurring pattern in which victims were drawn into online trading or investment schemes with promises of high returns and then persuaded to transfer money to different accounts.
Unsolicited investment opportunities arriving through WhatsApp or Telegram should be treated cautiously, particularly when the sender demands repeated transfers or directs money into multiple bank accounts.
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