In a dramatic bust reminiscent of Netflix’s Money Heist, the Delhi Police have cracked open a massive ₹150 crore scam involving a gang that duped hundreds of investors through fake stock market schemes. The accused — identified by their aliases Professor, Amanda, and Abbas — allegedly ran an elaborate online racket promising high returns on stock investments.
The ‘Money Heist’ of Delhi
The gang operated through multiple shell companies and fake trading portals, projecting themselves as professional brokers with insider market knowledge. Victims were lured through online ads and social media promotions claiming guaranteed profits of up to 30%.
Once investors deposited funds, the money was swiftly transferred across layers of accounts and cryptocurrency wallets, making tracking difficult. Police sources revealed that the accused lived lavishly — renting luxury apartments and throwing high-profile parties — to maintain the illusion of success.
How The Police Cracked The Case
The Economic Offences Wing (EOW) launched an investigation after receiving multiple complaints from investors who couldn’t withdraw their earnings. Through cyber forensics and bank trail analysis, authorities traced the network to the accused trio, who had created over 50 fake demat accounts and 20 shell firms.
The operation, spanning over six months, also uncovered links to offshore accounts and potential money laundering through digital assets. Police recovered laptops, multiple SIM cards, and ₹1.2 crore in cash from the suspects’ hideout.
Who Are ‘Professor’, ‘Amanda’ and ‘Abbas’?
According to investigators, Professor was the mastermind and handled the financial routing, Amanda was in charge of recruiting investors through social media, while Abbas managed the technical backend — creating trading dashboards and online identities.
The trio took inspiration from the Netflix hit Money Heist, even using similar code names during operations.
Legal Action Underway
All three have been arrested under charges of criminal conspiracy, cheating, and money laundering. Police are also probing whether the scam has connections to interstate or international rackets.
Authorities have urged citizens to verify trading firms before investing online and report suspicious investment schemes immediately.
At a Glance
- ₹150 crore stock market scam exposed in Delhi
- Gang used fake trading portals and shell companies
- Accused nicknamed themselves after Money Heist characters
- 300 investors reportedly duped
- Cyber and EOW units tracking international money routes
