Hyderabad: 2 Held for Cheating 3k People of Rs 850 Crore
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Summary
Two individuals were arrested in Hyderabad for orchestrating a ₹850 crore Ponzi scheme that defrauded over 3,164 victims. Gaddam Venugopal and Shreyas Paul operated through multiple fake companies, pr...
Key Details
Published
20 August 2025 at 07:00 pm
Source
Deccan Chronicle
Channel
fake website
Victim Profile
retired person
State
Telangana
City
Hyderabad
Amount Loss Range
> ₹10000000
Fraud Keywords
ponzi schemefake ai tradinginvestment fraudfake stock market websitesmule bank accountsfake certificationsinvestment seminarsfabricated profitsbenami transactionsfund layering
Tags
Digital Footprint
A.V. Solutions (fraudulent company)Srinivas Analytical Pvt. Ltd. (fraudulent company)IIT Capital Technologies (fraudulent company with fake Madhapur address)Trade Bulls Technology Pvt. Ltd. (fraudulent company)www.iitstockmarket.com (fraudulent website)www.myshareprofit.com (fraudulent website)www.avgroups.org (fraudulent website)www.fehufin.com (fraudulent website)www.tradeonnumbers.com (fraudulent website)www.smalgo.com (fraudulent website)www.srimaata.com (fraudulent website)www.maheshwaraadvisoryservices.com (fraudulent website)Gaddam Venugopal (arrested suspect)Shreyas Paul (arrested suspect, 55 years old)Gaddam Venkata Rao (suspect)21 mule bank accounts30 promissory notes worth Rs 3.37 croreProperty in ManikondaProperty in Happy Homeseow-cyberabad@tspolice.gov.in (reporting email)