Pune Cyber Police Arrests Accused from Rajasthan in Inter-State Stock Market Fraud
The Pune Cyber Police has arrested an accused from Rajasthan in an inter-state stock market fraud case. The accused, identified as Suresh Kumar, was arrested from Jaipur on Tuesday.
The police said that Kumar was part of an inter-state gang that cheated people by promising them high returns on investments in the stock market. The gang would lure victims by creating fake websites and social media profiles that looked like legitimate investment firms. Once the victims invested money, the gang would disappear with the funds.
The police said that Kumar was arrested after a victim from Pune filed a complaint with the cyber police. The victim had invested Rs 25 lakh in the stock market through the gang’s website. However, the gang disappeared with the money and the victim did not get any returns.
The police said that Kumar is the main accused in the case and that they are looking for other members of the gang. They have also frozen the bank accounts of the gang and are trying to recover the money that was cheated from the victims.
The police have appealed to people to be careful about investing in the stock market. They said that people should only invest in legitimate firms and should not fall for the promises of high returns made by fraudulent firms.
Here are some tips to avoid stock market fraud:
- Only invest in legitimate firms.
- Do not invest in firms that promise high returns.
- Do your research before investing.
- Be wary of firms that ask for personal information such as your bank account details.
- If you think you have been a victim of fraud, report it to the police.