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Thane man loses Rs 10.14 lakh in online stock trading scam after YouTube lure

A 66-year-old Thane man allegedly lost Rs 10.14 lakh after cyber fraudsters lured him into online stock trading through YouTube promotions. In a separate case

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Representational image. File pic

Representational image. File pic

A 66-year-old man from Maharashtra's Thane district was allegedly duped of Rs 10.14 lakh by cyber fraudsters who promised him high returns in online stock trading, police said on Saturday.As per PTI, fraudsters contacted the complainant, Ravindra Vasant Belgali, a resident of Dombivli town, after he watched promotional videos about international stock trading on YouTube in August, an official said.

Fraudsters allegedly extracted Rs 10.14 lakh from victim

The complainant said, “The links directed him to a platform named Qora Trade Company, and the unidentified accused allegedly called him and lured him into transferring money on several occasions between August 19 and September 15," as cited by PTI. 

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