Indore scammers swindle doctor of over Rs 3 crore

The crime branch in Indore has arrested seven people for scamming a doctor out of over Rs 3 crore using a fake stock trading portal. This scam unfolded over several transactions before the doctor realized he was being cheated. The doctor was initially contacted by a woman on a popular messaging app. She introduced him to an online trading portal called WEBULL and helped him set up an account. At first, he saw good returns in his WEBULL wallet, which made him trust the platform. However, when he tried to withdraw his money, he was able to access only small amounts at first. As the scam progressed, the perpetrators convinced the doctor to invest more money, leading him to invest over Rs 1 crore. When he attempted to withdraw a large sum before Diwali, they claimed he needed to pay 30% as income tax to release the funds. They later told him that the Reserve Bank of India had blocked the transaction and demanded additional payments for various reasons. Overall, the doctor made 64 transactions, losing Rs 3,08,36,293 before he realized he had been scammed and filed a complaint. The crime branch then arrested the seven individuals involved, who had roles varying from managing accounts to handling technical aspects of the scam. Investigators have frozen 112 bank accounts linked to the scam as they continue their investigation. This incident highlights the importance of verifying the legitimacy of online trading platforms and seeking trusted advice before making significant investments.