Extreme fraud is going on in the name of invest, how to be safe

WhatsApp is a popular messaging app owned by Meta. Currently, its use is constantly increasing from official to family needs. Using this opportunity, fraud is increasing on WhatsApp. One after another the news of fraud is coming forward. Recently there was a fraud incident in Mumbai, India.

Where a fraudster stole 90 lakh rupees from one person by trapping him in a fake investment app. According to Indian Express reports, the Mumbai resident was first linked by the fraudster to a fake WhatsApp group of foreign experts. In this group investment tips were given to group members to earn more profit in less time.

The duped was then attracted by the name of this fake group and the information provided in it and agreed to invest. The fraudsters then start persuading him to open an account and the user is also asked to download a mobile app from the Play Store. After downloading the app, the fraudster asks the person to deposit Rs 90 lakh into the company's bank account.

To gain the victim's trust, the gang initially shows him fake income of Rs 15 crore. After a few days while transferring the money, the person realizes that he has been cheated. The fraudsters blocked his account and demanded 10% share of the profit or around Rs 1 crore 45 lakh. Then the cheated filed a complaint with the police.

Here's what you can do to avoid investment scams on WhatsApp:

1. Don't blindly trust investment schemes and verify messages from unknown numbers. Investment companies do not ask to invest by sending fake messages like this.

2. Verify the identity of the message sender before starting any investment-related conversation. If it is a registered company you will see a blue checkmark on the account.

3. If you receive a message or call urging you to invest as soon as possible, be alert immediately. Also, if someone assures you of good returns, don't believe too easily.