Digital HarmsTrackerBeta
All incidents

Mangaluru man loses ₹38.54 lakh to investment fraud via Facebook ad and UPI transfers

Oct 14, 2024Mangaluru, India1 source

Summary

A victim in Mangaluru lost Rs 38.54 lakh in an investment fraud after being lured through a Facebook advertisement for share trading. On October 14, 2024, the victim clicked on the ad and provided personal details, after which an unknown person called and asked for a Rs 21,000 registration fee. The victim paid Rs 4,000 and Rs 17,000 via UPI as instructed. Subsequently, individuals claiming to be from GMJD Global Stock Trading Company contacted the victim, promising higher profits in exchange for larger investments. Between October 14 and November 19, 2024, the victim transferred a total of Rs 38.54 lakh to various bank accounts. He later realized he had been scammed after consulting a friend and filed a complaint at Kavoor police station.

Incident Details

Domain
Fraud & Financial
Mechanism
content
Platforms
Facebook
Companies
GMJD Global Stock Trading Company
Recipient
IndividualA victim in Mangaluru who invested Rs 38.54 lakh based on a Facebook advertisement for share trading
Dimensions
economic

Sources

1
Rs 38.54 lakh lost in investment fraud using Facebook ad - Deccan Herald
Google News Historical Backfill·Mar 25, 2025

This incident is documented by a single source. Source count reflects coverage in our monitored feeds, not the totality of reporting, and we do not evaluate publication quality.