In separate incidents of cyber fraud, two seniors in Hyderabad were deceived over 58.8 lakh after the fall of prey to deceptive online schemes, one through a trading platform based on Instagram and the other through misleading advertising on YouTube, which promises to sell high value coins.
In the first case, the 60 -year -old Hills Hills lost over 57.4 GBP Lakh after the fraudulent investment platform called “FX Road”. The victim came across a platform through an Instagram advertisement that led him to engage with individuals acting as “trading experts”. After persuading him to digitally register and sign documents, they led him to invested through credit card payments and banking transfers and claimed that the funds were used to trade oil, precious metals, corporate shares such as Tesla and cryptocurrencies.
For building confidence, the platform originally showed false profits. Later, the scammers pushed the victim to put more funds to maintain the “margin level” because the market became volatile. This led him to lend 7-8 ₹ Lakh of Navi, the financial service platform, and undertook his policy of Icici Prudential Saraksha to increase another 17.5 lakh.
He was also asked to store another 25-32 ₹ Lakh. When the victim realized that he was deceived, he announced the matter of the National Cyber Crime line (1930). The investigation later revealed that fraudsters pretended to be representatives of reputable brokerage companies, business bulls and used counterfeit documents to operate well -organized fraud.
In the second incident, 68-year-old Dar-IL-Shifa residents lost over 1.46 GBP Lakh after responding to advertising on YouTube, and falsely claimed that 20 GBP coins could be sold for 50 lakh. The victim that was tempted by the offer called the provided number and was contacted by a man who identified himself as “Raj Gyani”. The scam, which claimed to be a collector, initially demanded 1,500 GBP to “create a file” for a transaction, then continued to extract money under various pretexts, including documentation and check -in charges.
The trust of this process was transferred by several payments of 1,46,100 GBP. When the fraudster demanded another lakh 1, the victim realized that he was connected and subsequently reported fraud on the help line in the area of computer crime.
Investigations are underway.
Published – July 15, 2025 17:29
