Beware of scammers.

Beware of scammers

In this digital age, scamming has advanced to a new level. Still, on other hand, it look like "common" human intelligence is on the decline, where they become so gullible that they are getting scammed very easily and lost more than 100K of USDs even without suspecting that they are simply giving this money to the scammers. They will never be going to get this money back. It is not that people were not scammed on offline mode but in Digital scam, they have no idea who had scammed them. In most case they were scammed to "invest" to generate some great returns only to realize after some time that there are no returns and they have lost their principal too.

Source

So, here are the some of the scam methods I come across in my country:

Whatsapp Investment group.

This is currently one of the most prevalent scam, in which the person will be invited to join a very "specialized" whatsapp group. It will be claimed that there are experts in the whatsapp group that will help all of the members to generate high returns in very short amount of time and they will target the members individually also to get access to their financial data (all by social engineering) and then demand "investment money". They will extract as much amount of money in short amount of time and afterwards this group will be deleted fully or "investor" unable to retrieve a single penny of it's invested money. only to realize that they are scammed.

Fake Apps.

Scammers also created the fake apps , specially of the famous trading platforms. Now these app allows to buy the share and transfer money to the app platform but reverse transfer of money is not possible. At this juncture when investor start to dig in then they found that app in which they are investing is the duplicate copy of the original platforms and they are scammed by fake apps.

Offline scam.

This is very unique scam, in which bank has provided a relationship manager to a "rich old lady". Old lady invested couple of hundreds of thousand USD dollars for the fixed deposits in the bank. Relationship manager took the money and provided the counterfeir deposit slips and document to the lady and afterwards left the job. When i read about the case, they were not able to trace the relationship manager of bank and old lady lost huge amount of money.

My 2 cents.

I will say in this digital age , we need to personally verify everything and need to be very careful of all the digital platforms. Joining the platform on request of strangers should be clearly avoided. Download the authentic app by checking on websites of the platfor and do call customer care to know about your purchases.
In any case do not divulge your financial information to anyone to protect yourself.

Hope that everyone will themselves safe from scammers.

Posted Using INLEO