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Techie Loses Rs 1.9 Crore to Facebook Trading Scam

28 Sep

Summary

A techie lost Rs 1.9 crore to a fake online trading platform.
The fraud began after clicking a Facebook advertisement in February.
The scam involved a fake website and persuasive fraudsters posing as advisors.

A Bengaluru techie lost Rs 1.9 crore to a fraudulent online trading scheme initiated via a Facebook advertisement. The victim, a 47-year-old man, became involved between February 27 and September 9 of this year. He was initially contacted by individuals posing as representatives of a platform called Proxtrend.

Persuaded to register on a fake website, http://www.proxtrendltd.com, the techie engaged with a supposed account manager who guided his investments. Despite making initial small withdrawals, his attempts to retrieve larger sums were met with demands for more funds. He is now seeking help from cybercrime authorities to recover his lost money.

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