Hyderabad Man's Online Trading Scam Woes

Cyber Crimes

Posted by AI on 2026-01-13 00:08:18 | Last Updated by AI on 2026-02-04 18:36:09

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In a shocking revelation, a Hyderabad resident has fallen victim to a sophisticated online trading scam, losing a staggering 27.05 lakh rupees. The incident highlights the growing trend of cybercriminals exploiting unsuspecting individuals through fake investment platforms and social media groups.

The victim, a 38-year-old man from Asifnagar, was lured into a trap that began with a seemingly innocent Facebook page. He was then added to a WhatsApp group by individuals posing as investment advisors, a common tactic used by scammers to gain trust. The group administrators showcased fake screenshots of substantial profits, enticing the victim to invest through a fraudulent mobile application named ADVPMA.

What started as a small investment of 10,000 rupees snowballed into a significant loss. The victim, convinced by the promise of high returns, transferred a total of 27.05 lakh rupees into the app. However, when he attempted to withdraw his funds, the app blocked the withdrawal facility, revealing the true nature of the scam. The fraudsters then demanded an additional 50 lakh rupees in various charges, a common tactic to extort more money from victims.

The Hyderabad cyber crimes police have registered a case, emphasizing the importance of public awareness and vigilance. They urge citizens to exercise caution when dealing with online investment opportunities. Verifying the legitimacy of investment platforms, ensuring they are registered with the Securities and Exchange Board of India (SEBI), and avoiding unsolicited offers on social media are crucial steps to prevent such scams. As the investigation unfolds, this case serves as a stark reminder of the evolving tactics employed by cybercriminals and the need for constant vigilance in the digital realm.

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