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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. If you get trapped in it, then your hard earned money can be lost. Let's know how to avoid such scams-

WhatsApp Online Investment Scam

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 man in Mumbai suffered a huge loss in a trading scam. He was lured with high returns on his investment through WhatsApp group and then he was cheated of more than Rs 2.5 crore.

Put it in the glass like this

According to a report by India Today, the scam started in December 2023 when the elderly man was added to a WhatsApp group named 'KK Fortune Center'. The report states that this WhatsApp group had several admins like account opening manager Chaman Singh and Neeta Singhania. They convinced the man that they work with a private American company that invests in the stock market.

The garden shown in the virtual account

The high-tech thugs shared a link with the person. He was asked to create a virtual account by entering his details in it. This virtual account looked exactly like the real one to the person and he was lured with high returns. Trusting them, the person 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.

The company's loss

What happened next? In the greed of quick and high profits, the man continued his investment. To make the man's trust in them stronger, the fraudsters also sent him fake share certificates. They provided the man with bank accounts to transfer his money, in which he sent money to buy shares. The WhatsApp group admin then told the man that the company has suffered a huge loss in the share market and to compensate for this, he was asked to pay 20% of his investment. The man 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.