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HomeBlogLawyer loses Rs 93 lakh after downloading this app in stock trading...

Lawyer loses Rs 93 lakh after downloading this app in stock trading scam – Times of India

In a shocking incident, a cyber lawyer in the national capital fell prey to a sophisticated WhatsApp scam, resulting in a loss of Rs 93 lakh. The victim, a specialist in cybercrime cases, was duped by fraudsters posing as bank officials.
How the lawyer was scammed
A Kerala-based lawyer from Thiruvananthapuram was duped out of a substantial sum in a stock market investment scam.The scam unfolded when Kumar received a call on his WhatsApp from an international number, offering an enticing investment opportunity that he believed to be genuine. Trusting the caller, he invested a substantial amount of money.
The scammer lured the lawyer with promises of substantial stock market profits. The victim was then added to a WhatsApp group named “Club 88” and directed to download a mobile app called “Block Tigers.”
The lawyer transferred a total of Rs 93 lakh to multiple bank accounts by June 27. When the promised returns failed to materialise, and the scammers became unreachable, the lawyer filed a complaint with the cyber police.
Tips to stay safe from online investment scam
To protect yourself from similar online scams, consider the following essential tips:

  • Always double-check the legitimacy of investment opportunities or offers that seem too good to be true. Research the company or individual thoroughly.
  • Scammers often create urgency or pressure to make quick decisions. Take your time to evaluate offers carefully before committing any money.
  • Avoid sharing personal or financial details with unknown or unverified sources. Ensure strong, unique passwords for your online accounts.
  • Conduct transactions only on trusted and secure platforms. Look for reviews and ratings to assess reliability.
  • Immediately report any suspicious offers or activities to the appropriate authorities.

Source

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