Facebook pop-up scam: Mohali senior citizen loses Rs 1.5 crore in investment fraud, case filed

The fraudsters operated with a professional setup using fake SEBI certificates, forged IDs, and posing as company CEOs to gain the victim’s confidence. Initially, Singh was persuaded to invest Rs 10,000, which the scammers doubled on a fake trading ID to build trust. Encouraged by the apparent success, he gradually invested larger sums — Rs 71.34 lakh and then Rs 34.35 lakh — through multiple transactions. Each time, the money appeared doubled on newly created IDs, but in reality, the funds were being siphoned off. Eventually, the accounts and IDs were deleted, leaving the victim with nothing.

In his statement, Singh said, “They first showed me double returns on Rs 10,000. That convinced me to invest more, but in the end, they vanished after taking all my money.”

The Cyber Crime Police has registered a case against two unidentified persons under various sections of the BNS and Section 66C of the IT Act. An officer said, “The scam was executed in a highly organised manner using fake company names and professional tools. Similar investment fraud cases have surfaced in recent months.”

The police have begun an investigation and issued an advisory urging citizens to stay alert against such online schemes that promise unrealistic returns.

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