MstockMax Software Scam: Man Defrauded of Rs. 5 Crore

Madhya Pradesh Police in India arrested a group of cyber scammers who use Mstock Max software to defraud customers and steal their money. The MP police arrested these fraudsters from throughout the country, including Chhattisgarh, Bharuch, Maharashtra, and Surat.

According to the police, they ask people to download Mstock Max software. It shows fake profits to people. The complainant said, In the beginning, he invested 10 thousand. The app shows 40 Thousand profit. Later on, the gang asked the victim to invest more money, and gradually he invested a large amount, eventually reaching 4.5 crore.

The app shows 16 crores. When the victim attempted to withdraw his money. He was unable to withdraw, and then the gang members became unreachable.

According to the press release, police have recovered Rs 75 lakh from the complainant, and another Rs 70 lakh has been frozen in various bank accounts. The accused are being questioned to learn more about the gang's other members and their network.

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