A 35-year-old man from Kanjurmarg East was duped by a “foreign expert” in a fake stock market trading scam, losing Rs 11 lakh. Police said that the fraudster allegedly used the name Brian A Christiansen to project credibility to lure the victim into a bogus investment scheme. According to the police, the victim was first contacted on January 8 and added to a WhatsApp group titled “F40 Stock Market Strategy Exchange Group”, which had around 140 members.

The group was administered by accounts using the names Dinesh Singh and Gurram Madhavi, along with another international number starting with +44, a dialling code belonging to the United Kingdom. According to the victim, the members in the group regularly posted screenshots of supposed trading profits to build trust.