Online trading fraud, online trading scam on WhatsApp, Pune swindle, Pune online trading scam
Brothers from Pune turned out to be the victims of an advanced con that saw them lose a colossal sum amounting to INR 2.45 crores in a recent online fraud case.
This shows the increasing risks associated with internet-based investment schemes, as well as the need for more care while dealing with such groups.
A software engineer at Yerawada, who is 53 years old and lives at Charholi Budruk in Pune was asleep and living his life normally until one day when he woke up to find himself in a WhatsApp group talking about big profits being made from online stock trading.
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After succumbing to its enticement of quick riches he was quickly persuaded into creating a share trading account and initiating investments based on these suggestions.
The perpetrators didn’t end at that. The same WhatsApp group also added his brother who also happens to be a software engineer. Once they started, things seemed so easy as they were making good money through this particular trading platform they had been advised to trade with initially.
How Online Trading Scam Worked on WhatsApp
The cheaters manipulated the screens of the victims’ viewpoints of their alleged profits with screen software, said Senior Inspector Vijay Dhamal, Dighi police. “It’s only a screen software and it could be played on by online suspects,” explained Dhamal. The software showed impressive gains, which made the brothers invest more.
To begin with, the elder brother invested Rs 1.68 crore into what he thought was high-value shares. They kept transferring huge amounts of money to various bank accounts provided by the fraudsters as they were encouraged by apparent success. In total, the elder brother transferred Rs 1.67 crore while his brother transferred Rs 77.50 lakh.
Staying safe from Online Whatsapp Trading scams
This occurrence serves to remind us about how treacherous online trading schemes can be like this one. In order to assist others in avoiding similar pitfalls, here are some vital tips for staying safe from WhatsApp group scams:
Check Group Details: Spend time checking out names, descriptions, and admins before joining any new Whatsapp group. Red flags should start waving in groups that have unclear or suspicious details.
Confirm Invitations: When someone invites you to a group that you know ask them directly if they really invite you there themselves.
Avoid Groups That Make Unrealistic Promises: Such groups usually claim to possess investment opportunities that are incredible or unique offers and therefore, are probably not legitimate. Also, be cautious when some messages create a sense of urgency or pressurize you to act now.
Avoid Following Unknown Links: Also, try as much as possible not to click on any links or download files from the group especially those shared by unknown members.
Safeguard Your Personal Information: Never share personal details such as your address, mobile number and bank account information with anyone in a WhatsApp group let alone someone you do not know well.
Authenticate Messages from Legitimate Firms: Many scammers use similar names of companies or organizations. If you ever receive a message claiming to be from a bank, social media platform, or any other entity do not give away your personal information in reply Instead contact the alleged sender’s official channels for verification of this kind of message
To stay ahead of cybercriminals it is crucial to recognize their strategies and stay alert since online scams have become more sophisticated than ever before.
By sharing knowledge and staying connected with trustworthy sources we can protect ourselves against such threats as constant risks for online fraud.
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