Cyber Crime in Ghaziabad: Youth Duped of INR 30 Lakhs in Share Trading Scam Over 16 Days

GHAZIABAD, July 19, 2024 – A major cyber crime incident has come to light in Ghaziabad, where a youth was duped of INR 30 lakhs through a fraudulent share trading scam. The victim, Rudra Kumar Thakur, transferred the money across multiple accounts based on the scammer’s false promises of high returns.

Cyber Crime in Ghaziabad Important Points:

Victim: Rudra Kumar Thakur from Rajnagar Extension.
Fraud Amount: INR 30 lakhs.
Modus Operandi: Promised high returns in share trading.
Time Frame: February 11 to February 27, 2024.
Police Action: Investigation initiated by Cyber Crime Police Station, Ghaziabad.

Cyber Crime in Ghaziabad: Detailed Event Coverage

In a significant cyber crime case, Rudra Kumar Thakur, a resident of Windsor Paradise-2, Rajnagar Extension, reported losing INR 30 lakhs in a share trading scam. Thakur was convinced to invest in what seemed to be a lucrative opportunity in stock trading. The scam spanned from February 11 to February 27, 2024, during which he transferred the funds to 11 different bank accounts.

Thakur was added to an online group in February that offered stock market tips. After observing for a few days, he decided to invest, swayed by the group’s convincing promises. The funds were transferred to various accounts as instructed by the scammers. Although Thakur received INR 10 lakhs back on February 27, the remaining amount was not returned.

Youth Duped of INR 30 Lakhs in Share Trading Scam

Thakur’s initial interactions with the group appeared legitimate, with the scammers providing detailed stock trading tips and positioning themselves as reliable fund managers. This trust led to significant financial transfers.

“The group seemed genuine at first, providing consistent updates and tips. I was assured of high returns which never materialized,” Thakur mentioned in his complaint to the cyber police.

The scam became apparent when communication ceased after the partial refund, prompting Thakur to lodge a complaint at the Cyber Crime Police Station in Ghaziabad.

This incident is part of a larger trend of cyber crimes where individuals are misled by fraudulent investment schemes. Such crimes have seen a surge, leveraging the increasing reliance on digital transactions.

Previous Cyber Crime News:

February 2024: A resident lost INR 14 lakhs under the pretext of securing a job in Canada.
2023: Several cyber fraud cases were reported involving similar tactics in the NCR region.

Impact:

The incident underscores the urgent need for increased vigilance and stronger cybersecurity measures to protect individuals from such scams. It also highlights the importance of financial literacy and awareness about the risks of online investments.

Social Media Reactions:

The case has sparked discussions on social media about the growing menace of cyber crime. Users are calling for stricter regulations and more robust enforcement to combat these scams.

Data & Statistics:

Ghaziabad Cyber Crime Reports: Over 2,000 cases reported in Ghaziabad in the past year.
Financial Losses: An estimated total of INR 10 crores lost to cyber frauds in 2023-2024.
Employment Scams: Similar cases where individuals were promised jobs abroad and defrauded of significant amounts.

The recent case of cyber crime in Ghaziabad serves as a stark reminder of the perils associated with online investments and the pressing need for enhanced cybersecurity measures. As the police investigation continues, it is crucial for the public to stay informed and exercise caution while engaging in digital financial activities.