Man loses Rs 17.94 lakh to fake trading platform in Hyderabad
HYDERABAD: A 27-year-old resident of Kanchanbagh lost Rs 17.94 lakh after fraudsters posing as representatives of Fyers Securities lured him into investing through a fake online trading platform named FYERS-DMA.
The victim was contacted on WhatsApp and convinced to trade through the platform, which initially appeared genuine and even allowed two withdrawals totalling `3.6 lakh to gain his trust. He eventually transferred Rs 17.94 lakh into multiple accounts provided by the fraudsters.
