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Businessman Loses 4.8 Crore in Fake Stock Trading Scam
7 Nov, 2025
Summary
- 41-year-old businessman duped of over 4.8 crore
- Fraudsters posed as brokerage employees, lured victim to fake trading site
- Victim transferred massive funds over 6 weeks before realizing the scam
On 2025-11-07T12:20:37+00:00, the Telangana Cyber Security Bureau (TGCSB) registered a cheating case and launched an investigation after a 41-year-old businessman from Patancheru alleged he was duped of over 4.8 crore through a fake international stock trading platform.
The complainant, a resident of Muthangi village in Patancheru, had received WhatsApp messages from two fraudsters posing as Lavanya Dasari and her friend Arpitha in early September. Claiming to be employees of a reputed brokerage backed by Lavanya's UK-based uncle, the duo urged the victim to trade on a fake site, etoroglofx.com, promising triple returns and assured guidance.
