57 -year -old Himayathnagar inhabitants were cheated on 6.32 GBP Lakh in online trading with a fraud operated through a platform called NFM Capital Markets. The victim was first contacted by a woman who identified himself as Amruth Reddy on Facebook and WhatsApp, who persuaded him to invest in “US gold Stocks” with an initial payment of $ 500.
It was then made by a trading process that showed seemingly real profits, and its online wallet shows $ 38,694.94. Despite repeated attempts, however, could not withdraw money. The Platform Customer Service continued to require additional payments in the name of taxes, collection fees and monetary conversion fees, even so far as to endanger his legal steps.
The man believed that the transactions were real, transferred money several times before he realized he was cheated. Later, fraudsters demanded another 8 ₹ Lakh under the pretext of “compliance fees”, which led the victim to suspicion of a foul. Subsequently, he filed a complaint through a 1930 cyber crime line.
The case was booked by the wing of cyber criminality of the Police in Hyderabad and the investigation started. The police recommended people not to trust unsolicited social media reports offering high revenues, and verify the legitimacy of any trading platform with official regulators before investing.
The fraud of this nature can be immediately reported to the 1930 help line or at www.Cybercrime.gov.in. In the case of emergencies, victims can also reach through WhatsApp to 8712665171.
Published – 4 October 2025 17:02
