Stock Market Scam: Gujarat Man Loses 16 Lakhs via WhatsApp Investment Fraud!

• Ajeet Singh Jadeja from Bhuj, Gujarat, lost over 16 lakh rupees in a WhatsApp-based stock market investment scam.
• Fraudsters lured him into a WhatsApp group, then an app, promising huge profits from share trading and IPOs.
• He initially saw a small profit, leading him to invest larger sums, eventually transferring over 16 lakh rupees to various accounts.
• The scam escalated when fraudsters showed a fake 18 lakh loan in his app wallet and demanded 9 lakh rupees as processing fees for withdrawal.
• Jadeja reported the fraud to National Cyber Helpline 1930; police registered a case under Indian Justice Code and Information Technology Act.

Why It Matters: Be vigilant against unknown WhatsApp investment groups and apps; always verify sources to avoid cyber fraud.