A physician from Coimbatore has fallen sufferer to a complicated cyber rip-off, dropping a staggering ₹15.50 lakh after clicking on a seemingly innocent YouTube hyperlink. The fraud, which unfolded between December 2024 and January 2025, was first reported byThe Instances of India and highlights the rising menace of on-line funding traps.
Dr Karthik, an energetic inventory market investor with a Demat account, was shopping investment-related content material on YouTube when he stumbled upon a hyperlink promising unique trading insights. Upon clicking it, he was unwittingly added to a WhatsApp group named “49 Upstocks Wealth Group,” the place supposed trading consultants shared profitable inventory market suggestions, added the publication.
In keeping with the report, persuaded by the group’s seemingly credible discussions, Dr Karthik expressed curiosity of their funding scheme. He was subsequently instructed to obtain a trading software known as “UP Establishments” via a hyperlink offered by the fraudsters. Trusting the group’s suggestions, he put in the app on 31 December 2024 and, over the next weeks, transferred a complete of ₹15.50 lakh in 9 instalments.
Reportedly, the app initially displayed a formidable steadiness of ₹25.86 lakh, main Dr Karthik to imagine his investments have been flourishing. Nonetheless, his confidence rapidly crumbled when he tried to withdraw his earnings, solely to seek out himself locked out of the platform. It was then that he realised he had fallen prey to an elaborate rip-off.
Upon lodging a grievance, the cybercrime police registered a case underneath the related provisions of the Bharatiya Nyaya Sanhita and the Info Know-how Act. Investigations at the moment are underway to hint the fraudsters and get well the misplaced funds.
Authorities proceed to warn the general public in opposition to such misleading schemes. In the event you obtain unsolicited funding hyperlinks or are added to suspicious WhatsApp teams, it’s advisable to report and block them instantly. Within the unlucky occasion of falling sufferer to such a rip-off, swift motion by reporting to the police can enhance the probabilities of monitoring transactions and reclaiming misplaced cash.
On-line funding scams are on the rise, and vigilance stays the most effective defence in opposition to monetary fraud. All the time confirm the authenticity of trading platforms and chorus from making transactions primarily based on unsolicited recommendation from unknown sources.
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