Retired Engineer Loses Entire Life Savings in Rs 71 Lakh Share Market Scam in Noida
Noida, UP: In a shocking incident, a retired engineer from Sector-78, Noida, fell victim to a massive cyber scam, losing Rs 71 lakh while attempting to invest in the stock market. The fraudsters lured him with promises of quick profits and used a fake investment app to deceive him.
How the Scam UnfoldedRakesh Jain, 80, a retired engineer, revealed that on October 1, he was contacted via social media by a woman named Pooja. Soon, they connected on WhatsApp, where Pooja persuaded him to invest in the stock market with the assurance of doubling or tripling his money in a short period.
Following her guidance, Rakesh was added to a WhatsApp group where he received “training” in stock trading. He was asked to download an app called Fires SNI, designed to look like a legitimate brokerage pl...









