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Jaipur Social Media Trading Fraud | Report Scams

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arrestedCrypto / Investment FraudJaipur, Rajasthan

Jaipur Social Media Trading Fraud

According to reports, the Rajasthan Police Cyber Crime Branch arrested a man from Faizabad, Uttar Pradesh, in connection with an online trading fraud totalling Rs 3,81,37,677. A complainant had searched Google for online trading and encountered a platform called 'CMC Forex' or 'CMC Global CS'. The accused allegedly posed as customer care representatives on Telegram and lured the victim into transferring funds into various bank accounts with promises of high returns. Investigators tracked beneficiary accounts, including one linked to 'Shiv Bakers and Fast Food', and arrested a suspect named Alok.

State

Rajasthan

First reported

March 2024

Estimated victims

3,000+

Amount alleged

₹40+ Cr (alleged)

Agency involved

Rajasthan Police Cyber Crime Branch, Gujarat Police Cyber Crime Department, and Uttarakhand Special Task Force (STF)

Arrests

Arrests include Alok from Faizabad (UP), suspects Sumer Singh and Akash Meena in Gujarat, and Chandan Kumar Yadav in Jaipur

Status

Police have made arrests, seized digital evidence, and are conducting further technical analysis and money trail investigations

The full story

Everything you need to know about this case, in one place.

In a separate operation reported by Gujarat Police, cyber authorities uncovered a syndicate exploiting RE-NEET examination anxieties to promise leaked question papers, while simultaneously running investment scams and gaming-related money laundering networks worth around Rs 1.5 crore. Investigators identified suspects in Jaipur and Kota, noting that fraudulent proceeds were routed through gaming websites and multiple bank accounts. Meanwhile, the Uttarakhand STF arrested a mastermind from Jaipur, a native of Bhagalpur, Bihar, who allegedly duped a government employee of about Rs 30 lakh using a fake trading app named 'DITIGAMAX'.

Not yet reported: The articles cover distinct but overlapping cybercrime operations across multiple states without providing a single consolidated final financial loss figure for all combined syndicates.

Where the case stands

The latest position in the reports we read.

Police have arrested multiple accused individuals across different operations and are continuing their technical investigations and money trail analyses.

Who was affected

Described in general terms; we do not name victims.

Victims included individuals seeking online investment and trading platforms, students and parents anxious about examinations, and a government education department employee.

Timeline

Key dates as reported, oldest first.

October 5, 2025A complaint was filed regarding the online trading fraud involving the platform 'CMC Forex'.

Recent / Not reportedAn education department employee in Almora lodged a complaint after losing about Rs 30 lakh through the DITIGAMAX app.

How the scam worked

The method described in the reports.

Fraudsters posted advertisements or contacted victims through Google, Facebook, Telegram, and WhatsApp.
Victims were lured with promises of high profits from online trading or falsely offered access to leaked examination papers.
Targets were instructed to download fraudulent mobile applications like 'CMC Forex' or 'DITIGAMAX' where fake dashboards displayed accumulating profits.
Victims were asked to transfer funds into multiple third-party bank accounts, QR codes, and online wallets.
When attempting to withdraw funds, victims faced demands for additional payments under pretexts such as taxes and fees, while money was routed through gaming websites or withdrawn via ATMs.

Targeted by something similar?

Call 1930 (free, 24x7) straight away, then file at cybercrime.gov.in. Money reported in the first hours is far easier to freeze.

Report it on Report Scams Emergency guide How these scams work

Keep reading

More cases like this one.

2 community-reported scams from Rajasthan →Ludhiana industrialist duped of Rs 20 crore in crypto scam; Punjab Police launch probeCrypto / Investment Fraud · Punjab Ex-serviceman, engineer held in Rs 21.05 crore crypto investment scamCrypto / Investment Fraud · Multiple States Vizag police bust nine-member gang allegedly involved in loan app fraud, seize ₹60 lakh worth cryptocurrencyCrypto / Investment Fraud · Multiple States Rs 146cr HashPe crypto fraud case: ED arrests two absconding Coimbatore menCrypto / Investment Fraud · Tamil Nadu

Sources and further reading

Optional. The full story is above; these are the original reports it was prepared from.

newsgram.comOriginal report newindianexpress.comOriginal report etvbharat.comOriginal report Primary source / searchOpens via Google News

Prepared by Report Scams, with the help of AI, from the published reports listed above. Check those reports for the latest. Cases here describe allegations. An FIR, arrest or charge is not a finding of guilt. To report a mistake, or to ask for a correction or removal, write to our Grievance Officer. See also the Safe Posting policy.