50-year-old loses 1.6 cr in investment scam, FIR filed | Mumbai News

50-year-old loses 1.6 cr in investment scam, FIR filed | Mumbai News


50-year-old loses 1.6 cr in investment scam, FIR filed

Mumbai: A 50-year-old woman from the western suburbs, working as an independent consultant, lost Rs 1.62 crore to an investment scam. North Cyber Police registered an FIR on April 2 and are probing further.
The woman was scrolling through social media in Feb when she noticed links related to share trading and clicked one of them. That led to her mobile number getting added to a WhatsApp group called Wealth Wizards. There were 157 members in the group, including a “trading advisor” Shivangi and a “professor” Vikas. For nearly a week, the complainant just read messages on the group where people wrote about investing in shares through a company and making profits. The complainant searched online about the company’s background and was satisfied. Initially, the complainant invested a sum of Rs 50,000 after being provided a ‘SEBI certificate’ and was allowed to withdraw a profit of Rs 50,000. Totally, the complainant paid Rs 1.62 crore. But whenever she tried to withdraw her money from the app, her request was rejected and discovered that she had been scammed. tnn





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