Thane Resident Loses Over ₹20 Lakh in Stock Market Cyber Scam

A resident of Thane, Maharashtra, reported that he lost over ₹20 lakh after investing in an online scheme that promised high returns from the stock market. The scam operated through a fraudulent website and social media channels, luring the victim with attractive profit projections. Police have been notified and are investigating the case as part of a broader crackdown on cyber fraud. Experts warn that such schemes often use sophisticated technology to appear legitimate, urging investors to verify credentials and conduct due diligence before investing. The incident highlights the growing risk of cyber scams targeting retail investors in India.