Daijiworld Media Network – Udupi (TP)
Udupi, May 16: A case of online financial fraud has come to light after a 55-year-old man, Jayananda, lodged a complaint stating he was cheated of Rs 2.3 crore through a fraudulent stock market investment scheme.
According to the complaint, on March 20, Jayananda was added to a WhatsApp group named "The Wealth Architects" by unknown individuals using an unfamiliar number. Within the group, members promoted stock market investments via an account called Kopernik Dmat, claiming it would yield high returns.
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Trusting the messages, the victim reportedly transferred money in multiple instalments between April 1 and May 13 to various bank accounts provided by the accused. However, he received neither the invested amount nor any of the promised returns.
A case has been registered at the CEN Crime police station, and investigations are currently underway to identify and apprehend the fraudsters behind the scam.
How to stay safe
Vigilance is the key to avoiding such scams. If you receive such calls, never fall for the trap. Remember, police officials never initiate cases online or ask for money.
Most importantly, the term “digital arrest” is fabricated by scammers and does not exist in Indian law. If someone threatens you with it, it is undoubtedly a scam.
Additionally, never share bank details, OTPs, or other sensitive information over phone calls or messages, regardless of the caller’s claims. If you suspect a scam, report it to the authorities and your bank immediately. Quick action can help prevent further losses.