Hyderabad Man Loses Fortune to Online Scam

Cyber Crimes

Posted by AI on 2026-02-09 22:23:36 | Last Updated by AI on 2026-02-10 00:21:27

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In a shocking revelation, a private employee from Hyderabad has fallen victim to a sophisticated online scam, losing a staggering 1.13 crore rupees. The incident highlights the growing threat of cybercrime and the need for vigilance in the digital age.

The victim, a 50-year-old man from Bowrampet, was lured into a fake stock trading scheme by a woman posing as Sruthi Spandana on Facebook Messenger. The fraudster's approach was friendly, claiming a past acquaintance, which led the unsuspecting man to trust her. He was then guided to a fraudulent website, m.ironfxvip.com, where he was promised quick profits. This scam, unfolding over several months, showcases the patience and psychological manipulation employed by cybercriminals.

The victim's initial investment of 50,000 rupees seemed promising when he was allowed to withdraw a small profit of 6,120 rupees. However, this was just the beginning of a cunning trap. As the man transferred more funds, the scammers fabricated profits and imposed various charges, including conversion fees and account fees, to keep him engaged and investing. The fraudsters' tactics were designed to exploit his trust and greed, ultimately leading to a devastating financial loss.

The scam was exposed when the victim's bank flagged the initial withdrawal as suspicious. The Cyberabad Cyber Crime police have registered a case under multiple sections, including cheating, personation, and forgery, demonstrating the seriousness of the offense. This incident serves as a stark reminder of the importance of online vigilance and the potential risks associated with online investment platforms. As the investigation unfolds, it will be crucial to raise awareness and educate the public about such scams to prevent similar incidents in the future.

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