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Elderly Man Loses ₹50 Lakh in WhatsApp Stock Scam
Elderly Man Loses ₹50 Lakh in WhatsApp Stock Scam
Elderly Man Loses ₹50 Lakh in WhatsApp Stock Scam
nation
|Live Mint|2 months ago

A 63-year-old man from Hyderabad was defrauded of ₹50 lakh through a fraudulent stock market scheme promoted in a WhatsApp group. The scam involved a fake financial advisor who lured the victim with promises of high returns and facilitated investments through a bogus platform called "Skyrim Capital." The incident highlights the increasing vulnerability of elderly individuals to online scams. In a related case, deepfake videos of prominent figures were used to deceive other victims into investing in fraudulent schemes. Authorities urge caution and awareness to protect against such scams.

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