Udupi Man Loses Over Rs 50 Lakh in Fake Stock Market Scam

A resident of Udupi was deceived into investing more than Rs 50 lakh in a fraudulent stock market scheme promoted by an unknown online platform.

Authorities say the scam targeted local investors by offering unusually high returns and used fabricated testimonials. The victim was promised quick profits and was never able to recover the invested sum.

The case highlights the growing risk of online investment fraud in the region, with police urging caution and seeking to recover the lost funds. Source: Google News – Udupi.