Overview

• A 57-year-old Himayathnagar resident was lured via Facebook and WhatsApp by an agent identifying as Amrutha Reddy.
• He was told to start with USD 500 in ‘US gold stocks’ on a platform called NFM Capital Markets.
• The site displayed a wallet balance of USD 38,694.94 while blocking withdrawals and demanding taxes, withdrawal and conversion fees with legal threats.
• Believing the profits were real, he transferred ₹6.32 lakh through Google Pay and SBI Yono before growing suspicious when asked for another ₹8 lakh as “compliance charges.”
• After he called 1930, Hyderabad’s Cyber Crime Wing registered a case and began an investigation.