As we continue to report fraudulent accounts and impersonation cases, we see a disturbing trend targeting individuals is becoming increasingly common. @nithintweeted this a few minutes ago about a recent case where a software engineer from Bengaluru fell victim to a stock market scam, losing ₹91 lakh. The fraudsters lured him with promises of huge profits and online training through a so called “Global AI Smart Trading Competition.”
In the last 9 months, scams worth ₹11,000 crores have been reported. This could get worse as fraudsters start using AI and advanced technology.
Please share this with others to raise awareness. Be skeptical and avoid offers that guarantee profits. Genuine investment platforms never promise risk-free returns. Stay safe and cautious.
As bad as these scammers are, these cases also happen because of excees greed and carelessness of the victims and way lesser utilisation of their brains.
Well this is a clear case of greed. Mr. Ranjan got lured by higher returns and lost his money.
I doubt changing privacy settings on WhatsApp or Telegram would have changed anything in this case
It’s indeed commendable that you posted this cautionary tale on this forum. Can you also show this to every new customer? If not on day 1, then on day 5 or 10? Until they’re aware of this fully and can detect scams?
Your app and website is where the people are and their attention is. Not on this forum. CC @nithin
There’s all kinds of people. sure I wouldn’t have fallen for it. but when I saw the news, I called up my father to warn him. Anyway I’ve made my point. thanks for the reply.
