Pune Man Loses ₹66.87 Lakh in Fake Stock Market Investment Scam via Facebook Ad

Pune
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News18•04-01-2026, 08:09
Pune Man Loses ₹66.87 Lakh in Fake Stock Market Investment Scam via Facebook Ad
- •Nitesh Vinodkumar Khandelwal from Tathawade, Pimpri-Chinchwad, defrauded of ₹66.87 lakh in a stock market investment scam.
- •The victim was lured by a Facebook advertisement promising "5 to 15 percent daily profit in share trading."
- •Fraudsters used WhatsApp and phone to guide Nitesh to a fake trading platform, showing him virtual profits.
- •Nitesh deposited ₹66.87 lakh into various accounts; later, fraudsters demanded 15% income tax for withdrawal.
- •Cyber police have registered a case and initiated a technical investigation after Nitesh filed a complaint.
Why It Matters: Beware of online investment ads promising high returns; verify platforms to avoid significant financial loss.
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