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Businessman loses Rs 89 lakh in fake trading platform scam after clicking Facebook advertisement

Jul 1, 2025Bengaluru, India1 source

Summary

A man in Bengaluru fell victim to trading fraud after clicking on a Facebook advertisement. He was lured by a promise of a $50 credit and ended up losing Rs 89 lakh. The scam involved fraudulent trading activities that led to significant financial loss. The incident highlights the growing threat of online scams targeting users through social media platforms.

Incident Details

Domain
Fraud & Financial
Mechanism
content
Platforms
Facebook
Recipient
IndividualA Bengaluru businessman
Dimensions
economic

Sources

1
Trading fraud: Man clicks on Facebook ad, loses Rs 89L; how $50 credit lure conned Bengaluru bizman - The Times of India
Google News Historical Backfill·Jul 28, 2025

This incident is documented by a single source. Source count reflects coverage in our monitored feeds, not the totality of reporting, and we do not evaluate publication quality.