Lured by promise of rs 80 cr profit 75 year old sobo man loses rs 5.4 cr.

​As of April 5, 2025, there are no reports matching the specific details you’ve provided regarding a 75-year-old South Bombay (SoBo) resident losing ₹5.4 crore in a scam promising an ₹80 crore profit. However, similar incidents have occurred in Mumbai involving senior citizens being defrauded through investment scams:​

  • November 2024: A 75-year-old retired Merchant Navy officer from Colaba was duped of ₹11.16 crore. He was added to a WhatsApp group named “Motilal Oswal Investment Club 17,” where members shared purported investment successes. After gaining his trust, the scammers guided him to invest through a fraudulent app, leading to significant financial loss. ​
  • February 2025: An 86-year-old music teacher from South Mumbai lost nearly ₹3 crore over six years. The scam began with a call in 2019, offering a government scheme for senior citizens. Over time, the fraudsters coerced him into making multiple payments under various pretexts, including threats of legal action and property seizure.

These cases highlight the increasing prevalence of financial scams targeting the elderly in Mumbai. It’s crucial to remain vigilant and verify the authenticity of investment opportunities, especially those promising unusually high returns.​

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Sources

#InvestmentScam#FinancialFraud#ScamAlert#FraudAwareness#CyberCrime#StockMarketScam#WhatsAppScam#PonziScheme#FakeInvestment#OnlineFraud#SeniorCitizenSafety#ProtectElderly#ElderFraud#SeniorScamAlert

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