Mumbai youth lost Rs 45 lakh in the dragnet of online trading, you should be alert like this  

Online scams are at their peak in India. People are being cheated every day. Anyone can be defrauded in any way. Now a fresh case of online fraud has come to light in which a young man has been defrauded of Rs 45 lakh. This latest case of fraud is related to online trading.

The latest case is from Navi Mumbai. A 44-year-old young man fell into the trap after seeing a post on social media claiming excellent returns. According to the report, this incident occurred on March 3, 2024. Seeing the good returns, the young man clicked on the link and filled out some forms in which he also gave his personal information.

After this, he kept falling into the trap and invested a total of Rs 45.69 lakh. When he tried to withdraw the money it was not possible. After that, he complained about it to the cyber police. Police have registered a case under sections 420 (fraud), 406 (breach of trust) and IT Act and an investigation is underway. The matter is also being investigated through social media ID.

Scams like these occur daily. Despite media and government warnings, people do not heed them. Avoid making the error of investing after clicking on any social media post. Furthermore, never divulge your personal information to anybody, online or off.

If someone claims to offer very high returns in a short amount of time for little investment, proceed with caution. Never believe any enticing call, message, etc. Do a lot of research before making any investments. In the nation, there are a lot of these apps that ask for an investment before closing. Use caution when handling these.