An insurance agent lost 72 lakh after being duped by a fake WhatsApp stock trading group promising high returns. The victim kept investing until demands for more money arose. Police have launched an investigation.
Hyderabad Cybercrime police arrested two individuals, Ajay Sahu from Madhya Pradesh and Vaishna from Uttar Pradesh, for impersonating a company executive and cheating an employee of Rs 1.9 crore.
In this nefarious fraud, fraudsters/hackers manipulate and divert calls and messages of victims to specific numbers to obtain OTPs and then log into their WhatsApp accounts.