Mumbai Family Defrauded of ₹10.64 Lakh in Stock Market Scam

Police arrest suspect linked to a fraudulent WhatsApp group that lured victims with false investment promises.

A Mumbai family of three lost ₹10.64 lakh after being tricked into investing in a fake stock market scheme.
The victims were added to a WhatsApp group where the accused, Vaibhav Ganpat Thombare, shared fraudulent investment tips.
Initially, the family saw small returns, which built their trust, leading them to transfer larger sums into accounts controlled by cybercriminals.
Thombare, absconding for seven months, was arrested and revealed to have provided bank account details to cyber fraudsters.
The case highlights a rise in cyber scams involving fake trading platforms and misleading online investment promises.