Trading fraud costs 272 Pune residents Rs 125 crore since January 2024

More than 272 individuals from Pune have fallen prey to online share trading scams, resulting in a collective loss of more than Rs 125 crore since January 2024, reports The Indian Express. The victims, including many experienced investors, were enticed into these fraudulent schemes by the promise of extraordinarily high returns. The scammers employed deceptive tactics, including the use of counterfeit apps that mimic legitimate trading platforms.