Youth swindled of ₹18.50 lakh in Agra in the name of online trading app

A shocking incident has come to light in Agra, where cyber fraudsters have cheated an unemployed youth of ₹18.50 lakh on the pretext of investing in an online trading app. According to a report by Amar Ujala, the accused lured the youth with the promise of 100 percent profit in the stock market, causing him to fall into their trap.

When the victimized youth made his investment on this fake trading app, the app showed him a massive profit of ₹85 lakh. Seeing this figure, the youth initially believed it, but when he tried to transfer the earned amount to his account, the cyber fraudsters revealed their true colors. To withdraw the amount, the fraudsters demanded that the youth pay 50 percent GST.

When the youth refused to pay the additional money and pressured them to withdraw the amount, he realized that he had become a victim of a major fraud. Following this entire incident, the youth initiated an investigation into the matter. This case is very serious in the context of cyber security, as fraudsters are now luring people in the name of trading through social media and WhatsApp links.

Cyber criminals usually contact people through advertisements on social media platforms or WhatsApp links. They encourage people to invest by making them download fake applications. Initially, users are taken into confidence by showing a small profit, and subsequently, a large amount is extorted. In such scams, investors have to lose their hard-earned money, which has a very low probability of being recovered.

Following this incident, cyber experts have advised people not to trust unknown links and to verify the official credibility of any trading app before investing. It is advisable to stay away from schemes that promise 100 percent profit. Currently, further investigation into this matter is underway.