A resident of Kannur recently reported a significant financial loss amounting to Rs 41 lakh due to an online scam linked to stock trading. The Kannur Town Police have been investigating the case, shedding light on the victim’s ordeal. This unfortunate incident began when the complainant responded to an enticing advertisement on Facebook, promising substantial returns through investments in the capital market.
The complainant disclosed that he had transferred the entire sum to the personal account of an individual named Karthikeyan, supposedly representing ‘Creset Asset Management’ based in Chicago. This individual had provided the victim with guidance on selling shares from five different companies. Regrettably, the outcome was far from what was promised. The police emphasized that despite multiple online investments facilitated through links shared by the agent, neither profits nor the principal amount were received.
Worryingly, this modus operandi is one that cybercriminals frequently employ to deceive people and make off with large sums of money. As a result, the police issued a warning to the public, advising them to be cautious of unsolicited calls, emails, or messages pretending to be from banking officials. In the event of falling victim to online fraud, individuals are urged to immediately contact the police by dialing 1930. Complaints can also be registered through the police website, serving as a vital resource in addressing and combating these digital threats.
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