Investment fraud Archives - Vizag One https://www.vizagone.com/tag/investment-fraud/ Visakhapatnam - City of Destiny Mon, 02 Sep 2024 23:53:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.vizagone.com/wp-content/uploads/2023/11/cropped-vizagone-logo-500x500-jpg-32x32.jpg Investment fraud Archives - Vizag One https://www.vizagone.com/tag/investment-fraud/ 32 32 The Rise of Cyber Crimes Targeting Educated Professionals https://www.vizagone.com/news/the-rise-of-cyber-crimes-targeting-educated-professionals/ https://www.vizagone.com/news/the-rise-of-cyber-crimes-targeting-educated-professionals/#respond Mon, 02 Sep 2024 23:53:03 +0000 https://www.vizagone.com/?p=26358 Discover how cyber criminals are preying on educated professionals, with a recent case involving an orthopedic doctor losing Rs.43.7 lakhs in a fraudulent investment scheme. Learn how the doctor's trust was exploited through social media manipulation, highlighting the growing threat of cyber crimes targeting high-profile individuals.

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]]> In the digital age, cyber criminals are targeting highly educated individuals in high-profile jobs, exploiting their trust and knowledge for financial gain. Recent incidents reveal shocking details of how even the most educated individuals can fall victim to sophisticated online scams.

One such case involves an orthopedic doctor in Hyderabad who lost Rs.43.7 lakhs to cyber criminals. The doctor clicked on a WhatsApp link leading to a fraudulent investment scheme, where criminals posed as successful traders offering unrealistically high returns. Despite investing Rs.50 lakhs and being promised profits of over Rs.6 crores, the doctor only received a fraction of his expected earnings.

Upon realizing the scam, the victim reported the incident to the Rachakonda Cyber Crime Police, urging others to be cautious of investment fraud on social media platforms. This serves as a stark reminder that cyber criminals spare no one, regardless of their education or profession.

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