Thane Businessman Scammed of Rs 4.11 Crore in Forex Trading Fraud
- manoj klumar
- Aug 8
- 1 min read
A 42-year-old businessman from Thane, Maharashtra, has been cheated of Rs 4.11 crore in a forex trading scam involving foreign nationals and an online trading company. The cyber police have registered a case following the complaint.
Forex Trading Scam Involving Foreign Nationals and Metaxoption Company
The police named accused Tracy Clerk, Paul J Tudor, Bran Camron, Benjamin Jadore, and Metaxoption Company. Charges have been filed under sections 318(4) (cheating) and 316(5) (criminal breach of trust) of the Bharatiya Nyaya Sanhita, along with Information Technology Act provisions.
Victim Persuaded to Invest Rs 4.11 Crore with Promises of High Returns
Between March and July 2025, the accused contacted the businessman, sending trading links and assuring lucrative returns. The victim transferred Rs 4.11 crore believing these claims.
Accused Evade Queries as Police Probe Money Trail
When the victim followed up about returns, the accused avoided responses. Police investigations are ongoing, with the money trail spanning multiple accounts. Officials suspect the perpetrators may be operating from overseas, with technical and transaction analyses underway.
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