Gurugram Resident Loses ₹68.73 Lakh in Cyber Fraud Investment Scam

A resident of Gurugram has fallen victim to a sophisticated cyber fraud, losing a staggering ₹68.73 lakh. The scam involved enticing promises of high returns on investments in both Gurugram properties and the stock market.

How the Scam Unfolded

The victim, residing in the South Zone area of Gurugram, filed a complaint with the Cyber Police Station South on June 3rd, detailing how fraudsters lured him with the prospect of significant profits. The scheme involved multiple deposits made in installments, ultimately leading to a substantial financial loss.

Modus Operandi: Luring Investors with False Promises

Cybercriminals often employ tactics to exploit vulnerabilities, as highlighted by ACP Cybercrime, Priyanshu Dewan. These tactics can be summarized as:

• Greed: Promising unrealistically high returns to entice individuals.
• Fear: Creating a sense of urgency or potential loss if investments are not made quickly.
• Negligence: Exploiting a lack of awareness or caution among potential victims.

Staying Safe From Cyber Fraud: A Word of Caution

Authorities are urging citizens to exercise extreme caution when encountering unsolicited calls, messages, or social media groups promoting investment opportunities. It is crucial to verify the legitimacy of any such offers before committing funds.

Always remember: A little caution can go a long way in safeguarding your hard-earned money from cyber fraud.