WhatsApp Online Investment Scam: One mistake on WhatsApp will empty your pocket, caution is necessary
WhatsApp Online Investment Scam: If someone sends you a group invite on WhatsApp and tempts you with high returns in less money, then be careful because such promises are based on lies. Once you get trapped in it, your hard earned money can be lost. How to avoid such scams, let's know-
WhatsApp Online Investment Scam: You will find many such groups on WhatsApp, in which cyber thugs are ready to commit fraud with you. A new case of scam through WhatsApp group has come to light, in which an elderly person in Mumbai had to suffer a huge loss in a trading scam. He was lured with high returns on his investment through WhatsApp group and then cheated of more than Rs 2.5 crore.
This is how he was put in the mirror
According to the India Today report, this scam started in December 2023 when this elderly man was added to a WhatsApp group named 'KK Fortune Center'. The report states that there were many admins in this WhatsApp group like account opening manager Chaman Singh and Neeta Singhania. They convinced the person that they work with a private American company, which invests in the stock market.
Showed rosy picture in virtual account
The high-tech thugs shared a link with the person. In this, he was asked to create a virtual account by entering his details. This virtual account looked exactly like the real one to the person and was lured with high returns. The person trusted and created the account and also made the first investment of Rs 50,000. After this, he saw profit on his investment in his virtual account.
Talking about the company's loss
Then what? In the greed of quick and high profits, the person continued his investment. To make the person's trust in them stronger, the fraudsters also sent him fake share certificates. They provided the person with a bank account to transfer his money, in which he sent money to buy shares. The WhatsApp group admin then told the person that the company has suffered a huge loss in the share market and to compensate for this, he was asked to pay 20% of the person's investment. The person said that this amount should be deducted from his profit and the rest of the money should be returned to him. The fraudsters refused to do so.
When it was discovered that he had been cheated
The person tried to talk to other people in the group about the company's loss and the terms and conditions of the group admins, but he could not contact anyone. Not only this, the fraudsters also blocked his virtual account. This person had invested a total of Rs 2.56 crore. After this, he realized that he had been cheated and then he lodged a report against the fraudsters with the police.
How to stay safe from WhatsApp group scam or online trading scam?
First of all, be careful of messages or invites from people running investment groups through social media or messaging apps.
Keep in mind that scammers often pressure you to take a decision, so that you make a mistake in a hurry.
Be careful of promises of high returns with little or no risk. No real investment scheme can guarantee high returns.
Keep in mind that never invest money in any company in an investment offer or on someone's advice.
Do not take any step until you do a thorough research about the company.
Read the reviews of the company and go to its official website to check how much truth there is in its claims.
If the website seems genuine to you, contact them and check all the details.
Ask for complete information about the investment offer and official documents from the company.