Instagram ad lures Hyderabad woman into ‘stock tips’ scam; loses Rs 1.5cr to fraudsters posing as trading experts

A Hyderabad instructional designer lost ₹1.5 crore to fraudsters posing as stock-trading advisors. Lured by an Instagram ad promising exclusive access to block trades and IPOs, she downloaded two apps and deposited ₹42,000 initially. Encouraged by displayed profits and WhatsApp tips, she invested ₹7 lakh more. When she tried withdrawing from her virtual balance of ₹3.

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