Mumbai man loses Rs 1.45 crore in trading scam

A 63-year-old retired Air Commodore in Mumbai lost Rs 1.45 crore in a share trading scam over 19 days. He was lured into the fraud through a WhatsApp group called Point Break, where he received investment tips. The victim was instructed to install a trading app and send money to various bank accounts for share purchases. He initially saw a virtual profit of Rs 8 crore but could not withdraw any funds. After multiple failed attempts to recover his money, the WhatsApp group was closed, leading him to realize it was a scam. He reported the incident to the police on January 29, and an FIR was filed on March 3.