In a brazen rise in fraudulent activities, the Cyber crime division of the Chandigarh Police has come across a new and sophisticated scam that duped unsuspecting individuals of substantial sums of money. The scam involved creation of fake demat accounts and that has led to the arrest of several individuals. These arrests shed light on the intricate web of deception orchestrated by the perpetrators.
The modus operandi of the scam was cunningly devised to lure victims into a false sense of security through social media platforms like Facebook and Telegram. In one case Sachin Aggarwal, one of the victims, fell prey to Facebook ads for a fake investment company KKR India Financial Services (KKRMF). Using Telegram, the scammers posed as financial advisors and convinced Aggarwal to open fake demat accounts via a bogus app- all while promising high returns.
Aggarwal engaged with two representatives of the company named Susan Thompson and Amit Choudhary. Through a series of manipulative tactics, including fake registration and promising joining bonus Thompson and Choudhary managed to extract a staggering amount of Rs 27 lakh from Aggarwal. The victim, unaware of the elaborate hoax, found himself in the middle of the web of deceit, and lost his hard-earned money to the cunning schemes of the fraudsters.
The extent of the scam didn’t end there. Bupesh, another Chandigarh resident, fell victim to a similar plot involving false claims of overpayment and requests for refunds. Manipulating Bhupesh’s trust, the scammer, identified as Arsad, convinced him to transfer a substantial amount of Rs INR 35,000.
The fraudsters, identified as Manjeet Buri, Ashish Saxena, Himanshu Gautam , and Arsad, employed a systematic approach to their fraudulent activities. Setting up public groups on platforms like Telegram, they enticed victims with promises of lucrative investment packages and falsified testimonials. Through carefully crafted messages, they coerced individuals into transferring hefty amounts under the guise of investmentment opportunities, only to vanish with funds, leaving behind shattered lives and financial ruin.
In response to these alarming developments, law enforcement agencies urge citizens to exercise caution when engaging in online transactions and to verify the authenticity of investment opportunities. Vigilance and scepticism are paramount in navigating the digital landscape, where malicious actors lurk behind screens, ready to exploit unsuspecting individuals.
The repercussions of falling victim to such scams extend far beyond the financial loss, often leaving individuals emotionally and psychologically devastated. As authorities continue their crackdown on cybercrime, it is imperative for communities to remain vigilant and proactive in combating these threats collectively.
The Chandigarh Police have initiated comprehensive investigations into the matter, vowing to bring perpetrators to justice and provide restitution to the victims. Through collaborative efforts between law and enforcement agencies and the public, strides can be made towards creating a safer digital environment for all.
In conclusion, the recent surge in fraudulent activities serves as a stark reminder of the ever-evolving landscape of cybercrime and the need for heightened awareness and precautionary measures.
