India, Feb. 15 -- A 57-year-old woman working as an administrative officer in the Income Tax (I-T) department was duped of Rs.10 lakh by fraudsters using the fake online share trading modus operandi.

The cyber frauds first approached the complainant's son by adding him to a WhatsApp group on November 27 last year, luring him with easy earning of 10 to 15 percent profit on investments in IPOs and trading.

Believing the advices doled out in the group, he downloaded an app named 'QuantsAIS' and started investing and trading shares through it. His virtual account reflected that he was earning profits. Observing this, the I-T officer, who is also the complainant in the case, installed the app on January 14 on her mobile phone and started inv...