The stock market scandal on YouTube proved to be expensive for the doctor that he had cheated more than Rs.15 million

Cyber ​​fraud: People’s interest in investing in the stock market in India is increasing rapidly. According to the National Stock Exchange (NSE) data, more than 12 crore new investors have entered the market between 2019 and 2023. Only in January 2021, more than 1 lakh people registered to join the stock market. In view of this, scammers have now figured out a new way from which they are losing to people. People seize their money by tempting big profits and investment tips. Recently, it has been shown in many cases that people have come under disguise of fake investment projects and have been victimized by cyber fraud.

How did the doctor cheated

According to the Times of India report, Cumbatur’s doctor Karthik had to face a fraud of Rs 1.5 lakh while looking at the stock trading tips on YouTube. The incident took place in December 2021, while Dr. Cartrick was already investing in the stock market through his Demate account. He watched a video related to a trading tips on YouTube where more profit tips are being called tips. After clicking on the link provided in the video, his number one was added to the WhatsApp group “49 Upstocs Wealth Group”.

The fake experts present in these groups assured them that they could gain big profit from investing. After that, he was asked to download a new trading app “up organization”, which was actually a source of fraud. Dr. Kartik has transferred a total of Rs 15.50 lakh in 9 times from December 31 to January 22. His balance in this application was shown as Rs.25.86 lakh, which he believes that his investment is increasing. When he tried to withdraw money, it turned out that he had been cheated.

Police have filed a case

Dr. Karthik immediately filed a complaint with the Cyber ​​Crime Police. In this case, a case has been registered under the codes of India Code (BNS) and it has made the law and the police are looking for the accused.

How to avoid cyber fraud

• Don’t trust the unknown investment groups found on YouTube or WhatsApp.
• Avoid downloading fake trading applications. Invest only from an official recognized platform.
• If one claims that the guarantee is a return or more profit, be careful.
• Take information about the stock market only from authorized and reliable sources.
• If it is cheated, complain to the cybercrime helpline immediately. The sooner you report, the more likely to earn money.

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