Mangaluru: Man duped of Rs 46.5 lac in fake WhatsApp stock trading scam


Daijiworld Media Network - Mangaluru

Mangaluru, June 23: In a shocking case of cyber fraud, a Mangaluru resident has reportedly been conned out of Rs 46.5 lac by a fake investment racket operating through WhatsApp, posing as a stock trading firm under the name Mayfield Trading Investment Group.

Added to WhatsApp group without consent

The scam began when the complainant received a message on WhatsApp and noticed they had been added without consent to a group titled Mayfield Trading.

Messages in the group promoted high-return stock market investments, claiming that profits could be made by buying and selling shares through their platform.

‘Service Manager’ reaches out

On May 7, 2025, an individual identifying himself as Tom Harris, contacted the complainant via WhatsApp from the number 7073254819, introducing himself as the service manager of Mayfield Trading Investment Group. He shared a registration link — https://m.mayfieldindia.vip/register?u=35629961 — and instructed the victim to sign up by providing their name, address, and bank account details.

Trusting the sender, the complainant completed the registration and began investing money, gradually transferring funds in multiple instalments to various bank accounts provided by the scammer.

Rs 46.5 lac transferred over 25 days

Between May 10 and June 4, 2025, the victim transferred a total of Rs 46,50,022 through RTGS and IMPS, believing it was for stock purchases. The fraudster assured returns and constant updates, keeping the victim engaged throughout.

However, when the complainant tried to withdraw the invested amount, the platform refused to process the transaction. Upon contacting Tom Harris, the victim was told to pay “tax charges” before the withdrawal could be completed.

Fraud confirmed, complaint filed

Sensing something was amiss, the complainant grew suspicious and realised they had likely fallen prey to a scam. A formal cybercrime complaint has been filed, alleging that unknown fraudsters used the name of Mayfield Trading Investment Group to orchestrate the scam and siphon off funds.

Police are currently investigating the case, which adds to a growing number of WhatsApp-based financial frauds targeting unsuspecting investors across the country.

  

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Comment on this article

  • Flavian, Mangaluru/Kuwait

    Tue, Jun 24 2025

    Mr. Shenoy, very good advice/market awareness.

    DisAgree [2] Agree [3] Reply Report Abuse

  • Prerana Shenoy, Mangalore

    Tue, Jun 24 2025

    As a market observer and enthusiast, I would like to share that please be very cautious of people who ask for a share of your profits in exchange for stock tips, as this often leads to heavy losses. Also, verify the credibility of anyone giving you trading advice to avoid scams. They usually target people who are beginners. If you're new, start small, focus on learning, and be wary of promises of guaranteed profits. Success in the stock market takes time. No one can give you winning tips all the time.

    DisAgree [3] Agree [8] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai-Mangalauru

    Tue, Jun 24 2025

    90% of retail traders lose money in this corrupted market!

    DisAgree Agree [1] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Tue, Jun 24 2025

    Greed for Money sees nothing but dreams never ceasing desire for wealth & Riches.

    DisAgree [1] Agree [7] Reply Report Abuse

  • Shivaprasad K U, Mangalore

    Tue, Jun 24 2025

    In-spite of so much awareness being created, people trust such fraudsters.

    DisAgree [1] Agree [4] Reply Report Abuse

  • Simpleman, Manglur

    Tue, Jun 24 2025

    Its very ironic, people trust them based on just meassage. If anyone ask for monetray help due to some distress, they will not given single penny also. But, they are willing to invest lacs in greed to get more amount

    DisAgree [1] Agree [10] Reply Report Abuse

  • Pandranga, Karkala

    Tue, Jun 24 2025

    Very strange... how our educated people are falling prey to these Cyber criminals. When there are so many secured investment options available why people opt for these online investment pan beedi shops run through instagram, facebook, whatsapp...bla...bla....!!! Now run pillar to post... Gati Govindaa....!!!!

    DisAgree [1] Agree [13] Reply Report Abuse


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