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Trading Scam Exposed: Three Arrested for Cheating Investors via Fake App
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News18•14-10-2026, 15:43
Trading Scam Exposed: Three Arrested for Cheating Investors via Fake App
- •Chennai Avadi Cyber Crime Police arrested a gang that lured people via Instagram promising huge profits through online trading investments.
- •The fraudsters used fake apps mimicking platforms like Just Markets and MetaTrader-5, showing high returns that could never be withdrawn.
- •The app functioned merely like a calculator, displaying fake profits to trick victims into investing more money.
- •The three main masterminds behind the scam, identified as Kavin, Keerthivasan, and Parthiban from Tiruverkadu, were successfully apprehended.
- •Police are conducting further investigations to identify all accomplices involved in the multi-lakh financial fraud.
Key Questions Answered
The gang used an Instagram account named tradingcrew_ to publish advertisements and videos promising multi-fold profits in the lakhs through online trading platforms like Just Markets and MetaTrader-5.
The application was custom-designed as a fake investment app that only displayed calculator-like numbers showing fake profits with barcodes, while setting up various restrictions to prevent any actual cash disbursement.
A special police team successfully arrested three main masterminds behind the scam: Kavin, Keerthivasan, and Parthiban, all hailing from Tiruverkadu in Chennai.
