Updated On: 09 November, 2025 08:24 AM IST | Mumbai | Aishwarya Iyer
Fraudsters misused the name of a reputed brokerage to trap the Ghatkopar-based IT professional through a convincing trading app

Representational pic/iStock
A 40-year-old senior consultant with a multinational information technology firm in Ghatkopar has filed a cyber-fraud complaint after losing Rs 35.71 lakh to an organised online scam run through a bogus trading platform.
Ironically, the complainant, Rajesh Desai (name changed), is a seasoned technology professional who handles large-scale digital systems for a living. But in October, he was drawn into what appeared to be a legitimate investment opportunity when his childhood friend introduced him to an online group called A2-Systematix. The group, he was told, specialised in “block trading” and used advanced market analysis to generate high returns. The name sounded like a well-known brokerage firm, Systematix Group, which however is not connected.