Nagpur man loses Rs 87 lakhs in 10 days to fake trading portal shared on Facebook

Online investors, be warned! Cases of online trading frauds have increased in the country with scamsters luring people with promises of high returns. In a latest, a 41-year old businessman from Nagpur lost Rs 87 lakhs in the name of investing at the New York Stock Exchange to a fake online platform. He was promised a profit of Rs 8 crore by the fraudsters, but ended up losing Rs 87 lakh in a mere 10 days.