Udupi Man Duped of Rs 51.48 Lakh in Telegram Investment Scam
In a shocking incident highlighting the rise of digital financial crimes in Karnataka, a man from Udupi lost Rs 51.48 lakh to an elaborate investment scam conducted through a Telegram group. The victim, Uday Kumar, filed a complaint detailing how he was lured into what appeared to be a legitimate investment community.
According to the complaint, Uday Kumar initially joined the Telegram group for academic discussions. On June 20, he received a direct message promoting a high-return investment plan claiming to offer 30% guaranteed profit within a short span. Believing the offer to be genuine, he began transferring money in multiple transactions.
However, after depositing a total of Rs 51.48 lakh, the alleged handlers stopped responding. Every attempt to withdraw funds was blocked with excuses such as verification issues and additional deposit requirements.
Realizing he had been scammed, Uday Kumar approached the police, who have now begun an investigation into the digital trail, suspecting the involvement of organized cybercrime groups operating across states.
How the Fraudsters Operated
Created an academic Telegram group for credibility
Privately contacted the victim with an investment “opportunity”
Claimed high returns of 30%
Shared fake dashboards, fabricated profits, and promotional screenshots
Encouraged multiple transactions
Blocked withdrawal requests
Disappeared after receiving the money
Police warn that such scams are increasing rapidly as criminals exploit Telegram due to its anonymity and lack of public visibility.
FAQs
1. How did the Udupi man lose his money?
He was contacted through a Telegram group and lured by a fake investment plan promising high returns. After transferring multiple amounts, the fraudsters stopped responding.
2. Are Telegram investment groups safe?
Most of them are unregulated, anonymous, and unsafe. Cybercrime units strongly advise against trusting unsolicited investment offers.
3. How can I verify if an investment platform is legitimate?
Check if it is registered with SEBI or RBI, and avoid platforms guaranteeing high fixed returns.
4. What steps should someone take if they fall victim to a scam?
Immediately file a complaint with the local cybercrime police and report the issue on the national cybercrime portal.
5. What financial safety tips does Vizzve Finance recommend?
Avoid unverified digital platforms, cross-check investment credentials, and never trust guaranteed-return schemes promoted via private messages or groups.
Published on : 15TH November
Published by : SARANYA
Source Credit ; Naina J A
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