Man loses ₹3.6 crore to online fraud: Take these 5 key steps to protect yourself from swindlers
Losing money to an online scam or fraud is not uncommon anymore. But what has becomecommon sadly is the loss of fortune to the tune of crores to hapless senior citizens.
Not too long after two senior citizens collectively lost around ₹3 crore in two separate but similar frauds in Ahmedabad, a new case has come to surface in Bengaluru where a 77-year-old man lost his life’s savings to a WhatsApp fraud.
The victim is the resident of Rajaji Nagar in the Silicon Valley of India.
He reportedly received a call from an unknown number in March and the caller offered to give high returns in stocks through investments. He even offered to give training to the members like him.
Thereafter, the septuagenarian joined a WhatsApp group which had a number of other investors. The group’s admin took classes every afternoon for a few days to teach investing.
ALSO READ | Here's how a Navi Mumbai man lost ₹1.07 crore in share trading fraud…
After a few days, he was given an option to buy stocks at a steep discount of 40 percent and was shared a link to invest in them.
He was tempted to invest and transferred ₹3.6 crore. This investment grew to ₹5.7 crore. When he tried to withdraw the money, he was asked for a commission of ₹72 lakh by the company.
Last month, a 52-year businessman lost ₹5.2 crore in a similar way.
There were two victims from Ahmedabad one of whom lost ₹1.97 crore while the other lost ₹1.13 crore to fraudsters. Read this for more details.
1. Too good to be true: When someone offers a steep discount or massive returns (say 30 percent), it is only to tempt you into investing a large sum. The benchmark index Nifty50 gave 20 percent return in the calendar year 2023.
If you want to earn good returns, you can still opt for a
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