56-Year-Old Used Wig and Three Aliases to Defraud 42 Investors of ₹30 Crore in Mumbai

A 56-year-old man in Mumbai used a wig and three different aliases to carry out a stock market fraud, cheating 42 investors out of approximately ₹30 crore.\n\nBy altering his appearance with a wig and assuming false identities, he approached individuals interested in stock market investments and persuaded them to entrust their funds.\n\nThe total amount siphoned off in the scheme is reported to be ₹30 crore, marking it as one of the notable financial frauds recently recorded in the city.