Udupi man duped of ₹19.5 lakh in online trading investment scam
By ETF Desk
A resident of Udupi district has lost ₹19.5 lakh to an online trading investment scam. According to reports, the victim invested in a trading platform that promised high returns, but turned out to be a fraud. The scammer, who posed as a financial expert, convinced the victim to invest in the platform, assuring him of substantial gains. However, the platform turned out to be a Ponzi scheme, and the victim lost his entire investment.
The incident is a stark reminder of the growing threat of cybercrime in the region. With the increasing use of digital platforms for financial transactions, the risk of falling prey to online scams has also risen. In recent times, there have been several cases of online trading investment scams reported in Udupi district, highlighting the need for awareness and caution among citizens.
The impact of such scams can be severe, not only financially but also emotionally. The victim, who wishes to remain anonymous, has expressed his shock and disappointment at being duped by the scammer. He has urged others to be cautious while investing in online platforms and to verify the authenticity of such platforms before investing.
Source: Google News – Udupi.