📰 Hyderabad Advocate Duped of ₹97 Lakh in Online Scam 💸😱

MediaFx
Oct 6
1 min read

TL;DR:A 58-year-old Hyderabad advocate lost ₹97.36 lakh after falling for a fake forex trading platform introduced by a Facebook “friend.” Police are probing the cyber racket. #CyberFraud #Hyderabad

What Happened?

The victim befriended a woman named “Ritu Reddy” on Facebook, who claimed to be from Chennai.
She convinced him to invest in a trading site promising high USD returns — finalto-indus.com. 💻
Initial profits built trust, leading him to invest nearly ₹97 lakh raised through gold pledges and loans.
Later, withdrawals were blocked, and he was asked to pay another ₹52 lakh as an “exchange fee.”
He realised it was a fraud and filed a complaint with Rachakonda Cybercrime Police. 🚨

Flashback / Context

Such scams often target educated professionals via social media friendships, fake trading dashboards, and WhatsApp “advisors.”

Who Gains & Who Loses?

Loser: The advocate—financially drained and emotionally scarred. 😔
Gainers: Cyber fraudsters exploiting trust through romance-cum-investment traps.

People’s Angle

For youth and professionals, this is a red flag—never trust social-media investment links. 🔒 Cybercrime in Telangana is rising, especially in “forex” and “crypto” traps targeting working-class investors.

MediaFx Take

Easy-profit dreams come with hidden claws. 🕸️ Telangana’s cyber police need stronger cross-border tracing, while citizens must treat online investments like strangers—verify twice, invest once.

#YouthNews #CyberCrime #InvestmentScam #HyderabadNews #MediaFx

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