A 54-year-old homemaker from Mumbai has reportedly lost approximately ₹54 lakh in an investment scam. Seeking to earn extra income, she was lured by fraudsters who promised high returns on investments. In her attempt to invest, she even took a loan of ₹21 lakh to pay the scammers.
This incident highlights the increasing prevalence of online investment scams targeting individuals seeking additional income. In a similar case reported 10 months ago, a 37-year-old woman from Navi Mumbai, who was on maternity leave, lost over ₹54 lakh to fraudsters offering freelance work opportunities.
To protect yourself from such scams:
- Research Thoroughly: Before engaging in any investment or freelance opportunity, verify the legitimacy of the company or individual.
- Be Skeptical of High Returns: Offers promising unusually high returns with little risk are often fraudulent.
- Avoid Upfront Payments: Legitimate opportunities typically do not require significant upfront payments.
- Consult Professionals: Seek advice from financial advisors or trusted sources before making substantial financial commitments.
Staying vigilant and conducting due diligence can help prevent falling victim to such fraudulent schemes.
Sources