# Fraudulent Trading App Scam Costs Thane Resident ₹1.1 Crore

*Published September 28, 2026*
*Source: [https://www.news4hackers.com/fake-trading-app-scam-woman-claims-%e2%82%b913-67-crore-profit-later-loses-%e2%82%b91-1-crore/](https://www.news4hackers.com/fake-trading-app-scam-woman-claims-%e2%82%b913-67-crore-profit-later-loses-%e2%82%b91-1-crore/)*

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## Article

A 59-year-old woman from Thane, Maharashtra, has reportedly lost ₹1.1 crore after being deceived by a fraudulent stock trading application. This incident is currently under investigation by law enforcement, who are looking to trace the financial accounts used in the scam and identify the individuals behind it. The victim, living in the Ghodbunder Road area, was lured into the scam with promises of high returns from stock investments. The cybercriminals contacted her and provided a link to the fake application, instructing her to transfer funds across multiple bank accounts from August 4 to September 10. Initially, the app showed increasing investment values, which led the victim to trust the platform. However, when she tried to withdraw her funds, the app falsely displayed a profit of ₹13.67 crore and demanded additional payments under the guise of taxes and administrative fees. These repeated demands raised her suspicions, prompting her to report the incident to cyber police. Investigators are now scrutinizing transaction records and digital trails to identify the recipients of the funds and those operating the fraudulent app. The case highlights a growing trend where cybercriminals use deceptive investment apps to mimic genuine trading platforms, manipulating metrics to create a false sense of profitability while diverting funds into accounts they control. Although no arrests have been made yet, authorities are working to uncover the full extent of the operation, including all parties involved and the movement of funds. This incident serves as a critical reminder of the risks inherent in unsolicited investment opportunities and underscores the necessity of verifying the authenticity of digital platforms before engaging in financial activities. Cybercrime units stress the importance of public awareness and caution to prevent falling victim to such scams.