Hyderabad Doctor's Rs 20 Lakh Lesson in Online Fraud

Cyber Crimes

Posted by AI on 2026-01-07 19:43:48 | Last Updated by AI on 2026-02-04 20:18:06

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In a shocking revelation, a Hyderabad-based urologist has become the latest victim of online investment scams, losing a staggering Rs 20 lakh. The incident highlights the growing sophistication of cybercriminals and the potential risks of engaging in online financial transactions.

The doctor, working at a private hospital in Kondapur, was approached by a woman on Facebook, offering digital marketing services to promote his clinic. This seemingly innocent interaction led to a financial trap. Posing as a financial advisor, the woman introduced the doctor to the world of online trading through a firm named CMC Global Cs. What followed was a well-orchestrated scheme that lured the doctor into a false sense of security.

Over several months, the fraudsters built trust, guiding the doctor through the process of investing and even showing regular profits. The scam's complexity involved using a third-party platform for transactions, with funds transferred through multiple accounts and currencies. This intricate web of transactions made the operation appear legitimate, even convincing some of the doctor's colleagues to invest. However, the facade began to crack when news of online trading scams surfaced, alerting the victims to the deception.

The Hyderabad Police have revealed that the accused operated through a network of websites and multiple login credentials, emphasizing the sophistication of the fraud. This case serves as a stark reminder of the dangers lurking in the digital realm. As the investigation unfolds, it underscores the need for enhanced cybersecurity awareness and stricter regulations to protect individuals from such manipulative schemes.

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