Noida cyber scam: Duped of ₹15 lakh by scammers with promise of high returns through a fake investment scheme

In an elaborate cyber fraud in which the scamsters made promises of an astral return on a stock market investment, convincing her to add herself to a WhatsApp group in which they shared images of alleged profit-sharing schemes, a woman of Greater Noida Supertech Eco Village Society has lost ₹15 lakh.

According to Pallavi, it all began when she received a call from some unknown number. The guy requested her to join one of the WhatsApp groups dedicated to investment tips and trading. They were sending regular updates and claims of the high returns. So she invested initially, starting with small amounts, as all the profits that she could witness. She incurred these profits before investing a sum which eventually added up to ₹15,42,863.

The fraudsters asked Pallavi to invest through a specific application, whereby her balance together with "profits" that she was told were being accrued would rise daily. The fraudsters blocked her account when she wanted to desist from investing; all communication with the organizers was cut off.

The Greater Noida cyber police have filed a case against unknown persons under the IT Act and several fraud-related sections based on her complaint. They have started tracing bank accounts through which money was being transferred and probing all other aspects of this scam. Experts request caution with such unsolicited investment offers, especially those promising unrealistically high returns.

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