Hyderabad: Three Nepali nationals involved in an investment fraud worth Rs 86 lakh allegedly being operated from China were arrested by the Rachakonda Cybercrime Police here on Friday. About 53 mobile phones that the Nepali nationals possessed were seized by officials. According to the police, the arrested were Gopal Sherpa (24), Sushil Gurung (29) and […]
Don’t believe in false hopes of higher returns within a short time Trust, or rather, misuse of trust, is a fundamental feature of investment fraud. Creating false hopes of higher returns within a short duration combined with the constraints of accessing investment-related information is the motivation for people to fall prey to fake investment schemes. […]
Thane: A man residing in Thane city of Maharashtra was allegedly cheated to the tune of Rs 11.50 lakh in a case of online investment fraud, police said on Friday. An offence under IPC sections 419 (cheating by personation), 420 (cheating and dishonestly inducing delivery of property) and also section 66D of the IT act […]
According to Cybercrime officials, it is observed that in all investment frauds, fraudsters cash in on the greed in people, mostly youngsters and homemakers who want to make some quick money.