Homemaker loses rs 54 lakh in investment scam .

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.

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