← Latest news 
Bengaluru techie quits 30 lakh job then gets arrested over fake trading app fraud
Business
Published on 12 May 2026
Police found 636 linked accounts and 14000 fake trades
Delhi Police arrested 31-year-old Bengaluru software engineer Ravi Rathore for allegedly running a fake online trading racket. Investigators say his fraudulent mobile app and website promised guaranteed returns while using manipulated profit displays, fake investment claims, and call-centre operations. Technical analysis reportedly shows over 14,000 transactions and about 636 victim-linked accounts tied to a scam involving nearly Rs 100 crore.
- Delhi Police arrested a Bengaluru software engineer for alleged fake trading racket
- Victims were promised guaranteed returns via a fraudulent app and website
- Investigators cite manipulated profit displays and call-centre operations
- Data analysis shows over 14,000 transactions and around 636 victim accounts
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times