PANAJI
As digital scams come to the fore, with the Cyber Crime Cell sounding the alarm on rising cases, including digital frauds, fake WhatsApp groups offering fraudulent online trading schemes are emerging as the latest threat.
Information shared by the Cyber Crime Cell stated that a victim was recently cheated of approximately Rs 38.9 lakh after being lured into an online trading scam promising high returns. The victim was added to a WhatsApp group where fraudsters provided detailed instructions and guidance on online investments.
The scammers directed the victim to invest through an app named ‘FYERS,’ which turned out to be a counterfeit platform. The victim unknowingly transferred the amount to various bank accounts provided by the fraudsters in the WhatsApp group, leading to the loss of their hard-earned money.
Superintendent of Police (Cyber Crime) Rahul Gupta explained how these scams operate, stating that fraudsters often use legitimate-sounding names, professional-looking websites, and even forged documentation to gain the trust of unsuspecting victims.
“They frequently promise large returns with little to no risk involved, preying on the financial aspirations of their victims. Once an individual deposits money, the fraudster either disappears or continuously pressures the victim for more funds, claiming additional ‘fees’ or ‘taxes’ before they can access their so-called ‘profits,’” he said.
The police observed that while victims come from various backgrounds, senior citizens and inexperienced investors are particularly vulnerable. Goa police assured that efforts are underway to track and apprehend the perpetrators but emphasised the importance of public awareness in preventing further fraud.
The sleuths urged citizens to remain sceptical of unsolicited financial offers and to verify the legitimacy of any investment opportunity before committing funds.
Director General of Police Alok Kumar advised that investors should associate with registered financial platforms governed by SEBI and seek guidance from knowledgeable professionals before making any investments.
Gupta further warned that if an investment scheme promises unusually high returns, it is likely a scam.
“Block those advertisements to protect others as well. For further details or to report suspected cyber fraud, visit www.cybercrime.gov.in or contact the 1930 helpline,” he added.
