Financial Scams targeting individuals

[Sushubh]

‘They promised 30% returns… Rs 19 crore gone’: How a WhatsApp IPO scam trapped a 78-year-old in Delhi

A septuagenarian businessman lost a whopping Rs 18.80 crore in the second biggest case of cyber fraud — and the biggest online ‘investment’ scam — ever reported in Delhi. This is his story.

indianexpress.com

 

[Navjot Singh]

https://archive.ph/txfEZ

This reads more like an ad for the cyber crime unit than the actual crime. Also only 1 crore recovered. Man if you have 18.8 cr to invest, talk to a CA face to face. Not click links on whatsapp.

 

[Sushubh]

Mumbai woman falls for ‘Elon Musk’ online, loses ₹16.34 lakh in shocking romance scam | - The Times of India

A 40-year-old woman from Chembur believed she had stumbled upon a life-changing romance when she struck up an online conversation with a man claiming .

timesofindia.indiatimes.com

 

[mhsabir]

Considering Elon's Lifestyle cant blame her for thinking it was really him as well

 

[Sushubh]

https://www.telegraphindia.com/opinion/fraud-surge-editorial-on-indias-rs-52000-crore-digital-scam-crisis-prnt/cid/2147513

 

[Sushubh]

Bombay High Court judge duped of ₹6 lakh in online credit card reward points scam

A sitting judge of the Bombay High Court has lodged a police complaint after being duped of over ₹6 lakh in an online credit card fraud. The Cuffe Parade

www.barandbench.com

 

[MeanMachine]

RBI proposes one-hour delay on high-value digital transfers to curb fraud

The Reserve Bank of India is proposing new rules to fight digital payment fraud. These include delays for certain bank transfers and extra checks for senior citizens. Customers will get a 'kill switch' to freeze all digital payments instantly. These measures aim to protect people as digital...

economictimes.indiatimes.com

 

[pothi]

Good initiative, if implemented.

 

[Sushubh]

what good lol, scammers would find a workaround it and regular folks would suffer with payments. they just need to accept that they made things way too easy with upi and they are unable to control scams around it. credit cards have existed for so long and they have been doing just fine. every new update makes upi less usable. i am still pissed about vpa removal from online payments. and scanning local vpa code limit of 2k. most people just do the 2K payment and they do the second payment with rest of the amount. they are just fucking up things that cannot be fixed.