How a Ghaziabad-based businessman lost Rs 28 lakh in share trading scam

On April 3, Ghaziabad-based businessman Dinesh Kumar received an invite to join a WhatsApp group that promised to offer “tips and tricks” to trade in the Indian and US stock markets. The man who sent him the said invite, who went by the name Ravi Singh, said he was a stockbroker working for a reputed international firm. Kumar then decided to open a trading account and invested around Rs 28 lakh. For two months, he earned good returns — before he realised it was an elaborate scam and ended up losing every penny.