Chandigarh Investment Scam: ₹26 Lakh Fraud Exposed

Chandigarh  A shocking case of online fraud has surfaced in Chandigarh, where a resident was duped of ₹26 lakh in the name of investment. The fraudsters cleverly used digital platforms like YouTube ads and WhatsApp groups to trap the victim. The man, lured by promises of high returns, unknowingly ended up transferring a massive sum to a fake trading platform.

The scam began with a simple YouTube advertisement promoting what appeared to be a legitimate investment opportunity. It offered huge profits through crypto and stock trading on an international trading platform. Intrigued by the professional-looking ad and the attractive returns, the victim clicked the link, which directed him to a WhatsApp group.

In the WhatsApp group, several members—most of whom were fake profiles or part of the fraud gang—discussed daily profits, shared screenshots of high earnings, and praised the platform. These messages created an illusion of trust and legitimacy. The victim, seeing constant encouragement and success stories, gradually started investing small amounts.

Initially, the platform showed positive returns, encouraging him to invest more. Over time, his investments increased from thousands to lakhs. Each time he added funds, the platform reflected inflated profits, which further pushed him to keep investing.

However, trouble began when the victim tried to withdraw his earnings. The platform refused and asked for additional “processing fees” and “tax clearances” before allowing any transactions. Despite transferring extra money as instructed, he never received his earnings.

Realizing he had been duped, the victim approached the cyber crime cell in Chandigarh and lodged a complaint. An investigation has been launched, and the cyber police are now tracing the digital footprints of the scammers. Authorities believe this is part of a larger network operating through fake trading platforms, targeting individuals across various cities.

Cyber crime experts highlight that this fraud has become a growing trend, with criminals increasingly relying on social media ads and chat apps to build trust. Victims often fall prey due to limited awareness and the professional appearance of these fake platforms.

Officials warn people to remain cautious of investment schemes promoted via digital platforms. They advise never to trust returns that sound “too good to be true” and recommend verifying the credentials of platforms and agents before investing any amount.

This incident has raised concerns among locals, as scams like these are not just financially damaging but also emotionally devastating. The victim, a middle-aged professional, shared that he had saved the money over several years and is now uncertain about his financial future.

The cyber crime cell is also working to block such fake trading platforms and is in contact with major tech companies to report and remove misleading advertisements. Citizens are urged to report any suspicious activity immediately and educate others about the growing menace of online investment frauds.

As digital investments grow in popularity, so does the need for digital vigilance. The Chandigarh police have reiterated their commitment to tracking down the culprits and ensuring justice for the victim.