Connect with us

Cyber Crime

Rigged Analytics: Hyderabad Techie Conned Of Lakhs By Counterfeit SEBI Stock Advisory Group

Published

on

Hyderabad Cyber Crime Police have registered a case after a 31-year-old software engineer allegedly lost ₹37 lakh in a complex investment scam involving a fake stock advisory group impersonating SEBI-registered analysts.

Authorities said the fraud was carried out over several weeks through a coordinated network that used fabricated trading platforms, manipulated data, and psychological pressure tactics to deceive the victim.

Fake SEBI-Linked Group Used to Build Investor Trust

According to investigators, the victim was added to an invite-only WhatsApp group claiming to provide premium stock market insights under the name “A15 SEBI Premium Market Analyst Insights.”

The group allegedly used forged certificates, fake registration details, and fabricated profit reports to appear legitimate. Members were also shown staged testimonials and transaction records to create the illusion of consistent trading success.

Police said these tactics were designed to build trust and encourage the victim to increase investments gradually.

Fraudulent Trading App Displayed Artificial Profits

Officials revealed that the victim was instructed to install a third-party application via an external link. The app reportedly simulated a live trading environment, showing fake profits and portfolio growth in real time.

Encouraged by the apparent returns, the victim transferred multiple payments into different bank accounts controlled by the fraud network. Over time, the total amount invested reached ₹37 lakh.

Investigators believe the system was entirely engineered to manipulate user perception and create false confidence in non-existent trading gains.

Withdrawal Attempt Triggered Scam Exposure

The scam reportedly escalated when the victim attempted to withdraw part of the displayed profits. At that stage, the operators allegedly blocked access and claimed regulatory violations had occurred in his trading account.

The fraudsters demanded an additional “compliance penalty” of 25% of the total balance to release the funds. When the victim questioned the demand, communication was abruptly terminated and account access was revoked.

Police said this pattern—blocking withdrawals followed by additional payment demands—is common in digital investment fraud cases.

Cybercrime Investigation and Fund Tracking Underway

Hyderabad Cyber Crime officials have registered the case under relevant provisions of the Bharatiya Nyaya Sanhita (BNS) and the Information Technology Act.

Forensic teams are currently tracking digital footprints, including IP addresses, communication channels, and linked bank accounts used to route the stolen funds. Authorities are also investigating suspected money mule networks involved in transferring the proceeds.

Authorities Issue Advisory on Fake Investment Platforms

Cybersecurity officials have issued a renewed warning to investors, particularly IT professionals, about rising fake trading schemes operating through messaging platforms and unofficial apps.

They stressed that legitimate financial institutions and SEBI-registered advisors do not operate investment groups through WhatsApp or distribute trading software via unverified links.

Citizens have been urged to immediately report suspicious financial activity to the national cybercrime helpline 1930 to improve chances of fund recovery.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crime News

Delhi Police Arrest Three in Sextortion Cyber Fraud Case

Published

on

By

The Cyber Cell of Delhi Police has arrested three men for allegedly running a sextortion-based cyber fraud operation that targeted a Delhi resident and extorted nearly ₹5.80 lakh through threats and blackmail.

The accused, identified as Rajesh (18), Kunal (22), and Imran (23), are residents of Faridabad, Haryana. Police said the arrests were made during an investigation into an online blackmail case registered at the Cyber Police Station of Delhi’s North-East district.

Victim Allegedly Blackmailed After Video Call

According to police, the case was registered through e-FIR No. 00126/2026 under relevant provisions of the Bharatiya Nyaya Sanhita (BNS), including sections related to cheating, extortion, and identity-related offences.

The investigation began after the complainant, identified as K.L. Tripathi, approached police alleging that he was trapped in a sextortion scam.

Police said the victim received a WhatsApp video call on May 6 from an unknown woman who allegedly claimed to be a social media acquaintance. During the conversation, the woman reportedly convinced him to remove his clothes, after which an objectionable video was allegedly recorded without his consent.

Soon afterward, the victim allegedly received calls from multiple unknown numbers. The callers claimed to represent law enforcement agencies, social media platforms, and government departments, threatening to make the video public and take legal action unless money was paid.

Under pressure and fear, the victim transferred approximately ₹5.80 lakh through multiple bank accounts, UPI transactions, and QR codes, police said.

Financial Trail Helped Investigators Identify Accused

Following the complaint, Delhi Police formed a specialized cyber investigation team to examine digital evidence and trace the movement of funds.

During the probe, investigators tracked portions of the transferred money to bank accounts allegedly linked to Rajesh and Kunal.

Rajesh was arrested on June 17 after police analysis of financial records. Further investigation and questioning reportedly helped officers identify Kunal’s role, leading to his arrest.

Police later identified Imran as another alleged participant in the operation. Investigators claimed he was involved in withdrawing the fraud proceeds through ATMs. A mobile phone and SIM card allegedly connected to the crime were recovered from him.

Possible Links to Larger Sextortion Network Under Investigation

During questioning, the accused allegedly revealed links with an organized sextortion network operating in the Mewat region of Rajasthan, according to police officials.

Authorities are now investigating whether other individuals were involved in the alleged network and whether the accused may have targeted additional victims using a similar method.

Police said no previous criminal cases have been found against the three arrested individuals so far. However, their digital activity, financial records, and possible connections to other cybercrime incidents are being examined.

Police Issue Cyber Safety Advisory

Delhi Police has advised citizens to remain cautious while accepting video calls from unknown individuals, especially those involving suspicious requests or attempts to record private conversations.

Officials urged people facing online blackmail or threats involving personal images and videos to immediately report the matter to law enforcement agencies instead of making payments to fraudsters.

The investigation is ongoing, and police are working to identify other possible members of the alleged cybercrime network.

Continue Reading

Crime News

Kanpur Police Arrest 35 in ₹30 Crore Mule Account Crackdown

Published

on

By

Kanpur Commissionerate Police have arrested 35 individuals allegedly involved in operating mule bank accounts that investigators claim were used to facilitate cyber fraud worth nearly ₹30 crore. The action was carried out as part of the city’s ongoing Operation Cy-Vajra, a campaign targeting organised cybercrime and financial fraud.

According to police, the accused allegedly allowed cybercriminals to use their bank accounts in return for commissions, enabling the movement of funds generated through various online scams.

Nearly 100 Complaints Linked to the Accounts

Deputy Commissioner of Police (West) S.M. Qasim Abidi said investigators traced the accounts after examining complaints registered on the National Cyber Crime Reporting Portal (NCRP). Officials found that almost 100 cybercrime complaints were connected to the accounts under investigation, with the total financial loss estimated at approximately ₹30 crore.

During questioning, police allege that the accused admitted to handing over access to their bank accounts in exchange for financial incentives. Investigators claim they provided ATM cards, cheque books, internet banking credentials, and other banking details to individuals linked to cyber fraud operations.

Authorities believe the accounts were primarily used to transfer and conceal money generated through online investment scams, betting platforms, and gaming-related fraud.

Investigation Moves Beyond Account Holders

Police described the arrested individuals as the first layer of the alleged money-laundering chain. Investigators are now focused on identifying the organisers and operators who controlled the accounts and tracing how the money was moved after entering the banking system.

Officials are also verifying the identities of those who collected banking credentials from the account holders. Police expect additional arrests as the investigation expands to uncover the broader criminal network behind the transactions.

The Cyber Cell registered cases and conducted arrests across ten police station areas, including Shivrajpur, Armapur, Bilhaur, Panki, Sachendi, Araul, Kalyanpur, Rawatpur, Chaubepur, and Bithoor.

DCP Abidi warned that sharing bank account details or allowing unknown individuals to operate personal banking facilities is a criminal offence and can result in legal action.

Continued Crackdown on Financial Cybercrime

The latest operation is part of Kanpur Police’s intensified efforts against mule account networks throughout 2026. In recent months, investigators have uncovered several cyber fraud operations involving bank accounts allegedly used to move illicit funds generated through online scams.

Cybersecurity experts say mule accounts remain a key tool for organised cybercriminals because they help disguise the movement of illegally obtained money and complicate financial investigations. By routing funds through multiple accounts, criminal networks attempt to make it more difficult for authorities to identify the individuals responsible.

Legal experts also note that while knowingly allowing a bank account to be used for unlawful financial transactions may attract criminal liability, the arrests represent allegations at this stage. Under Indian law, all accused individuals are presumed innocent unless proven guilty in a court of law.

Police confirmed that forensic examination of banking records, digital evidence, and financial transactions is continuing as investigators work to identify additional suspects and dismantle the wider cybercrime network.

Continue Reading

Crime News

Three Held in Kanpur Over Alleged Online Child Abuse Material Network

Published

on

By

Cyber Crime Police in Kanpur have arrested three individuals accused of operating an online network that allegedly distributed child sexual abuse material (CSAM) through social media platforms. Officials said the accused allegedly used social media accounts to contact potential buyers before sharing illegal content through private messaging services in exchange for money.

The investigation is ongoing as authorities work to uncover the full extent of the alleged operation, identify additional suspects, and examine whether the network has connections beyond Uttar Pradesh.

Investigation Triggered by Cyber Crime Alert

According to police, the case began after authorities received information through the National Cyber Crime Reporting Portal. The alert reportedly originated from an international child protection reporting system that detected suspicious online activity linked to the sharing of illegal child abuse content.

Cyber investigators traced the suspected individuals using digital evidence, including mobile phone records, IMEI data, and other technical intelligence gathered during the inquiry.

The three accused have been identified as Mohammad Uwais (20), Syed Sharan (18), and Aaqib Khan (22). Police allege that the suspects were involved in distributing illegal content over an extended period. During the operation, investigators seized mobile phones and other electronic devices, which have been sent for forensic examination.

Officials are also reviewing chat histories, financial transactions, and digital payment records to determine the scale of the alleged activities and identify anyone else who may have been involved.

Probe Focuses on Buyers and Potential Wider Network

Investigators have expanded the inquiry to identify individuals suspected of purchasing the illegal material. Authorities are examining bank accounts, digital wallets, and other payment channels to trace financial transactions connected to the alleged network.

Police are also assessing whether the case has any links to organized criminal groups operating in other states. Additionally, investigators are reviewing a separate recently reported case involving allegations of sexually explicit content related to minors. However, officials have clarified that no confirmed connection has been established between the two investigations, and any potential link will depend on evidence gathered during the ongoing probe.

Digital Evidence Plays Key Role

Cybersecurity professionals emphasize that the creation, possession, purchase, sale, or distribution of child sexual abuse material is a serious criminal offence under Indian law. Experts note that digital forensic analysis, financial tracking, and examination of electronic devices are essential tools for identifying everyone involved in such offences.

Authorities also warned that individuals who knowingly possess, share, or purchase such material may face legal consequences regardless of the role they played in the alleged distribution chain.

Legal Process Continues

Legal experts have highlighted that the arrests represent allegations at this stage, and criminal liability can only be determined through judicial proceedings. Under Indian law, every accused person is presumed innocent until proven guilty in a court of law.

Police stated that forensic examinations and financial investigations are continuing, and further arrests or legal action may follow if additional evidence or suspects emerge during the course of the investigation.

Authorities have urged members of the public to report suspected online child exploitation or child sexual abuse material through the National Cyber Crime Reporting Portal, the Cyber Crime Helpline (1930), or other recognized child protection reporting mechanisms.

Continue Reading

Trending

Copyright © 2022 420 Reports Marijuana News & Information Website | Reefer News | Cannabis News