India, Jan. 5 -- A series of cyber fraud complaints has brought fresh attention to online investment scams in Visakhapatnam, where eight people reported losing more than Rs. 3.5 crore over the past two days. The victims, who come from different parts of the city, approached the cybercrime police after realising they had been cheated through fake stock market investment schemes.

In one major case, a 55-year-old employee of a private firm said he lost around Rs. 1.45 crore. According to his complaint, he came into contact with a woman on a social media platform. After weeks of regular conversations, they exchanged phone numbers and continued speaking. During these interactions, the woman introduced him to an online trading platform and cla...