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Whatsapp Stock Scam: Today everyone has a desire to earn huge profits by investing in the stock market. Every day the IPO of some company is making a splash in the market, seeing which even common investors become eager to try their luck. But have you ever thought that this enthusiasm for investing can take a toll on your life savings? One such shocking case has come to light from Kutch district of Gujarat, where a digital web woven in the name of stock market swallowed Rs 16 lakh of a person.

'Tempting' game going on in WhatsApp group

Actually, Ajit Singh Jadeja, resident of Bhuj and working in a private company, has become a victim of this cyber fraud. According to police records, this game started on April 21. Ajit Singh was suddenly added to a group on WhatsApp from an unknown number. This group was not an ordinary group, rather people calling themselves 'professional market experts' were present here.

Every day, detailed information related to the stock market and profitable tips were sent to this group. In the beginning everything seemed so organized and correct that Ajit Singh did not have even the slightest doubt. The swindlers very cleverly gradually won their trust and made them believe that they were really associated with the experts.

A trap laid by showing profit

When trust was completely established, on July 4 the thugs made their next move. Ajit Singh was sent a link and asked to fill an online form. After this, a mobile app was downloaded in the name of share trading and investment in IPO. This is where the real game started.

To trap the victim, the fraudsters first lured them with profit. When Ajit Singh invested Rs 5,000 through the app, he got Rs 5,245 back. This small profit awakened the hope of bigger profits in his mind. Falling into this trap, between July 10 and August 21, he transferred more than Rs 16 lakh of his hard-earned money to different bank accounts named by the swindlers.

The bitter truth of fake loans and fraud

The matter became more complicated when a loan of Rs 18 lakh started showing in Ajit Singh's wallet in that fake app. The fraudsters claimed that this money was received through an IPO allotment. But when the victim tried to withdraw this amount from his bank account, the transaction failed.

After this the thugs showed their true colors. Instead of releasing the money, he demanded another Rs 9 lakh in the name of 'processing charge'. On hearing this, the ground slipped beneath Ajit Singh's feet and he realized that he had become the victim of a big conspiracy. Without wasting time, he called the national cyber helpline number 1930 and lodged a complaint. The police have registered a case under the Indian Justice Code and IT Act and started investigation.

Take these steps today for safety

Cyber ​​experts believe that joining unknown groups on platforms like WhatsApp is not without danger. To avoid such scams, it is most important that you do not trust any unknown link, app or message promising 'sure profits'. Always use only SEBI registered platforms for investment.