Pune Cyber Fraud: Two People Duped of ₹65 Lakh in Fake Share Market Investment Scam

Two Pune residents lose ₹65 lakh in share market scam; cyber fraudsters used fake trading platforms and high-return promises.

Pune | 23 March, 2026: In yet another alarming case of cyber fraud in Pune, two individuals were collectively duped of ₹65 lakh after being lured into fake share market investment schemes. The incident highlights the growing menace of online financial scams, where fraudsters exploit people’s desire for high returns through sophisticated digital traps.

According to police officials, the victims were approached by cybercriminals posing as stock market experts who promised exceptionally high returns on investments. The fraudsters initially gained their trust by adding them to messaging groups and showcasing fake profit screenshots, a tactic commonly used in such scams. Victims were then directed to download fraudulent trading applications or access fake websites that appeared legitimate but were entirely controlled by the accused.

Once the victims began investing, the platforms displayed inflated profits to create a false sense of success and encourage further deposits. Over time, the victims transferred large sums into multiple bank accounts provided by the scammers. However, when they attempted to withdraw their funds, they were either asked to pay additional “taxes” and “processing fees” or were completely blocked from accessing their accounts—ultimately realizing they had been cheated.

Police have registered a case and launched an investigation to trace the accused and uncover the wider network behind the scam. Officials suspect the involvement of a well-organized cybercrime racket operating across multiple locations, using mule bank accounts and digital tools to evade detection.

Cybercrime experts warn that such share market and investment scams are rapidly increasing in Pune and across India. Similar cases in the city have seen victims losing lakhs to crores after being promised unrealistic returns through fake trading apps and online groups. These scams often follow a pattern—initial small gains to build trust, followed by larger investments and eventual denial of withdrawals.

Authorities have urged citizens to remain cautious while investing online and to verify the authenticity of platforms before transferring money. Investors are advised to avoid schemes that guarantee unusually high returns and to rely only on registered and regulated financial services.

In conclusion, the ₹65 lakh fraud case serves as a stark reminder of the evolving tactics used by cybercriminals. As digital investments become more common, awareness and vigilance remain the strongest defenses against such financial traps.

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