A recent incident in Mumbai highlights the dangers of online scams. A 48-year-old BMC sweeper fell victim to cyber fraud after responding to a Facebook advertisement from a company named “M S Coin Company.” The ad promised nearly ₹1 crore for 13 old ₹5 notes. Over six months, the victim was coerced into paying over ₹18 lakh under various pretexts, including registration fees, taxes, and bribes, but never received any payment in return.

This case is part of a broader trend where fraudsters exploit individuals by offering exorbitant sums for old currency notes. For instance, a retired bank employee in Karnataka lost over ₹63 lakh in a similar scam.

Protecting Yourself from Such Scams:

• Verify Buyers: Always research and verify the legitimacy of buyers or companies before engaging in transactions involving old currency or collectibles.
• Be Skeptical of High Offers: Be cautious if someone offers a price significantly higher than the market value for your items.
• Avoid Upfront Payments: Legitimate buyers typically do not ask for fees before a transaction.
• Report Suspicious Activity: If you encounter potential scams, report them to local authorities or cybercrime units.

While certain rare currency notes can have value among collectors, it’s essential to approach such transactions with caution and due diligence.

सोर्सेस