Online investment scams have been on the rise. Recently, two Hyderabad residents lost over Rs 49 lakh after falling prey to convincing digital investment frauds. Cybercrime officials are probing into both cases, which involved fake trading apps, cloned banking websites, and social media manipulation. In the first case, a 57-year-old professional was targeted via Facebook and WhatsApp by scammers posing as agents of an international trading firm, “NFM Capital Markets.”

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They lured him with promises of high returns on “US Gold Stocks” through what appeared to be a genuine investment dashboard. The man transferred over Rs 6.3 lakh through Google Pay and SBI YONO, only to realise later that the profits displayed were fake. The fraudsters even de

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