Man loses Rs 1.5 crore after clicking on a money multiplication advertisement on Facebook
5 months ago

Man loses Rs 1.5 crore after clicking on a money multiplication advertisement on Facebook

India Today  

In yet another unfortunate incident of a cyber scam, a resident of Mangaluru lost Rs 1.5 crore after clicking on a wealth multiplication According to the case reported by TOI, after clicking on the Encouraged by the testimonials and in the hope of multiplying his wealth easily, the victim decided to invest in the trading platform promoted by the group. The victim transferred Rs 73 lakh and Rs 77 lakh in two separate transactions from his bank accounts, totaling Rs 1.5 crore. However, it does show how, even after so many cases and awareness campaigns, people are still falling for these lucrative offers without double-checking the firms and ending up losing their money. Here are some important safety measures to consider avoiding falling for such online scams: Before investing in any platform, do thorough research to verify its legitimacy.

Victim Scam Facebook Advertisement Money Multiplication  rs  money  multiplication  trading  15  clicking  advertisement  group  victim  returns  loses  wealth  information  facebook  crore  scam  man

History of this topic

Online scamsters cheat victims of ₹3 crore in Kerala’s Ernakulam Rural police limits in recent times
5 months, 2 weeks ago

Online scamsters cheat victims of ₹3 crore in Kerala’s Ernakulam Rural police limits in recent times

The Hindu  

Just days after the Kochi City police issued an advisory against the surging online scams revealing how nearly ₹25 crore had been cheated in about 400 cases since the start of 2024, the Ernakulam Rural police have now revealed that scamsters have cheated many victims of over ₹3 crore in recent times in a similar manner. While nearly ₹2 crore …

Cyber crime police in Kallakurichi recover ₹15.54 lakh lost by man in online scam
7 months, 1 week ago

Cyber crime police in Kallakurichi recover ₹15.54 lakh lost by man in online scam

The Hindu  

Sleuths attached to the cyber crime wing of the Kallakurichi district police have recovered ₹15.54 lakh, which a 47-year-old man lost in an online investment scam. According to police, the victim, William Suresh Kumar of Elavanasur Kottai, lodged a complaint with the cyber crime police, stating that he had lost ₹26.18 lakh after he followed steps outlined by an online …

₹5.2 crore gone in a click: Bengaluru man conned by online fraudsters via WhatsApp
8 months ago

₹5.2 crore gone in a click: Bengaluru man conned by online fraudsters via WhatsApp

Live Mint  

Online stock investment frauds are becoming rampant in India and thousands of people have lost lakhs of rupees in the past few months. In a recent case of an online scam on WhatsApp, a Bengaluru businessman lost a whopping ₹5.2 crore after clicking on a link to download an app. According to a Times of India report, the victim received …

Bengaluru man narrowly escapes UPI scam trying to sell iPad. Here’s how he foiled it
9 months ago

Bengaluru man narrowly escapes UPI scam trying to sell iPad. Here’s how he foiled it

Hindustan Times  

When a scammer attempted to coax the senior vice president of Unacademy with a fake UPI money transfer scam, he foiled his plan and how. Pandya took to X to share screenshots of his conversation with the scammer posing as buyer and highlighted the suspicious details that 'raised all the alarms' and helped him recognise the scam. The screenshots shared …

Hyderabad man earns ₹500 from online part-time job, loses ₹2.38 lakh to cyber fraudsters
9 months, 3 weeks ago

Hyderabad man earns ₹500 from online part-time job, loses ₹2.38 lakh to cyber fraudsters

The Hindu  

A man from Hyderabad, who initially earned ₹500 through an online part-time job, ended up losing ₹2.38 lakh to fraudsters. The Hyderabad cyber crimes police arrested two men in connection with the offence. Two from Gujarat held for providing bank accounts to cyber fraudsters In another case, the Cyber Crimes police of Hyderabad nabbed two men from Gujarat for providing …

How 74-year-old lost ₹18 lakh to online investment fraud
10 months, 3 weeks ago

How 74-year-old lost ₹18 lakh to online investment fraud

The Hindu  

A 74-year-old resident of B. Mooda in Bantwal was defrauded of ₹18.92 lakh to links that promised of good returns for investment in online trading. In the complaint to Bantwal Town Police on Thursday, Subraya Rama Madiwala said that he recently received a message from an unknown number through WhatsApp that undertaking online trading through ‘Kuroto Capital Fund’ would fetch …

Ghaziabad woman loses Rs 13 lakh in YouTube video-liking scam
1 year, 2 months ago

Ghaziabad woman loses Rs 13 lakh in YouTube video-liking scam

India TV News  

Online scams continue to prey on unsuspecting victims, with recent incidents underscoring the need for vigilance in the digital realm. In a recent case, Prachi Mathur, a resident of Ghaziabad, was ensnared by scammers through text messages offering a seemingly simple way to earn extra income. She was promised payment for liking YouTube videos, with the scammers initially depositing small …

Techie loses nearly Rs 5 lakh in a courier scam, was blackmailed to transfer money into scammer bank account
1 year, 3 months ago

Techie loses nearly Rs 5 lakh in a courier scam, was blackmailed to transfer money into scammer bank account

India Today  

In a disturbing incident, a 27-year-old software engineer hailing from Pune found himself trapped in an 'illegal courier' fraud scheme, resulting in a significant financial loss of Rs 4.7 lakh. The victim's ordeal began when fraudsters used his Aadhaar details as leverage, alleging involvement in the unlawful shipment of items to Taiwan and threatening legal action. Thanks to the victim's …

Man loses Rs 6.45 lakh to scammer without receiving transaction SMS on phone, here is what happened
1 year, 3 months ago

Man loses Rs 6.45 lakh to scammer without receiving transaction SMS on phone, here is what happened

India Today  

Scams are all-time high as we report new frauds every day. The latest one might be a bit horrifying for users as a man lost Rs 6.45 lakh without receiving any transaction SMS alerts on the phone. A 64-year-old man residing in Mumbai's Vikhroli area fell victim to a cyber fraud incident, resulting in a financial loss of Rs 6.45 …

66-year-old man tries earning money by posting product reviews on social media, loses Rs 17 lakh
1 year, 4 months ago

66-year-old man tries earning money by posting product reviews on social media, loses Rs 17 lakh

India Today  

A lot of cybercrimes have been reported in India in the last couple of months. In a similar incident, a 66-year-old man from Navi Mumbai lost Rs 17 lakh when he tried making some extra money. 66-year-old Mumbai man loses money in scam A PTI report revealed that a 66-year-old man claimed being cheated of Rs 17 lakh when scammers …

24 people lost Rs 72 lakh in four days to online scam, says Puducherry cybercrime wing
1 year, 4 months ago

24 people lost Rs 72 lakh in four days to online scam, says Puducherry cybercrime wing

New Indian Express  

PUDUCHERRY: In what seems to be an exacerbation of cybercrime scams in Puducherry, the cybercrime wing has reported that over the past four days, 24 individuals from Puducherry have lost Rs 72 lakh to online frauds. She told him that she would send a part of the money to him through a parcel, and manipulated him into sending Rs 43.90 …

Pune man falls for movie rating scam, loses 8.5 lakh: Here is what happened
1 year, 7 months ago

Pune man falls for movie rating scam, loses 8.5 lakh: Here is what happened

India Today  

In a recent incident of online fraud, a man from Pune fell victim to a scam and lost a collective sum of Rs 8.5 lakh. The victim was contacted by unknown persons through text messages and social media for a part-time job opportunity to earn extra money. "The man from Wagholi first received a text on April 13 offering good …

Pune man loses Rs 1 crore after falling for a new earn on online task fraud: here is what happened
1 year, 8 months ago

Pune man loses Rs 1 crore after falling for a new earn on online task fraud: here is what happened

India Today  

In a recent case of online fraud, a 64-year-old ex-serviceman from Pune, ended up losing all his savings, retirement benefits and borrowings, collectively amounting to Rs 1 crore to cyber scammers in an 'earn on online task' fraud. Reportedly the victim is a resident of Hadapsar town in eastern Pune City, Maharashtra and fell for an online work opportunity to …

Indian investors lose ₹1,000 crore in fake crypto exchanges: Report
2 years, 6 months ago

Indian investors lose ₹1,000 crore in fake crypto exchanges: Report

Live Mint  

Crypto scammers are using a wide range of techniques, including identity scams and phishing, to lure users into investing through fake crypto exchanges. Investors in India have lost as much as ₹1,000 crore in such scams that have spread through social media portals, according to a report by Indian cyber security firm, CloudSEK. According to the report, the scam involves …

Discover Related