Udupi man loses ₹19.5 lakh in online trading investment fraud
By ETF Desk
A resident of Udupi district has fallen victim to an online trading investment fraud, losing a substantial amount of ₹19.5 lakh. The incident has raised concerns about the increasing threat of cybercrime in the region.
The victim, who wishes to remain anonymous, reportedly invested in a trading platform that promised unusually high returns. However, the platform turned out to be a scam, and the victim lost a significant amount of money. The scammer, who posed as a financial advisor, convinced the victim to invest in the platform, assuring them of high returns.
The incident has left the victim financially strained and has raised concerns about the growing threat of cybercrime in the region. The Udupi police have launched an investigation into the matter and are working to recover the lost amount. The incident serves as a reminder to be cautious while investing online and to verify the authenticity of any investment opportunity before making a decision.
Source: Google News – Udupi.