- High returns promised by fraudsters: Cyber police inspector Swapnali Shinde recently revealed that fraudsters are promising returns as high as 800% to lure victims. They use messaging apps to add phone numbers to a group where members discuss these high returns. Victims then contact the group administrator, who sends a link to another app. Once victims buy shares, the fraudsters ask them to invest in high-value shares or IPOs.
- Finance executive loses Rs3.28 crore: A finance executive recently lost Rs3.28 crore after selling his ancestral house and exhausting his savings. He expressed his distress by saying, “I’m completely broke… I don’t know how I trusted the fraudsters.” Inspector Shinde pointed out that a total of 106 victims lost over Rs 25 lakh each in this scam.
- Fraudsters operate undetected on messaging apps: A cyber law expert warned that fraudsters are operating undetected on messaging apps, using names similar to reputable share brokers. Victims often neglect to notice that they are sending money to private accounts, not to legitimate companies. The fraudsters initially provide returns to gain the trust of victims, then ask for more investments.
- Pune cyber police urge caution: In light of these recent incidents, the Pune cyber police are urging citizens to exercise caution and verify the authenticity of any investment opportunities they come across online. It is important for individuals to thoroughly research and confirm the legitimacy of any investment before committing their funds.
Thanks For Reading Report of Punepress.com