Elderly Man Loses Rs 23.3 Lakh in Mangaluru Online Investment Scam
A 68-year-old man from Mangaluru has fallen victim to an online investment scam, losing a substantial Rs 23.3 lakh. The incident serves as a stark reminder of the increasing prevalence of such frauds in India, often targeting the elderly.
The man was lured into the scheme through fake websites and online platforms, operated by unidentified scammers. He grew suspicious when asked to pay Rs 11.5 lakh in 'taxes' for a refund, but by then, he had already transferred money through UPI, IMPS, and RTGS over several weeks. This red flag, along with large or repeated money requests, should have raised alarm bells. Unfortunately, he is not the only victim. In a separate incident, a woman lost Rs 9.1 lakh after clicking a suspicious Facebook promotion featuring prominent names. To stay safe, always verify the identity and credentials of any investment platform, check for regulatory registrations, user reviews, and official websites. Be wary of vague investment apps, demands for extra fees or taxes before payouts, and avoid clicking suspicious links or registrations, especially via WhatsApp or social media.
Online scams are consistently increasing in India, with the elderly often being targeted. The Mangaluru incident underscores the need for vigilance and caution when investing online. Always look out for red flags and verify the authenticity of any investment platform before parting with your money.
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