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Udupi man loses ₹23.4 lakh in online trading scam via WhatsApp investment group app

Dec 2, 2024Udupi, India1 source

Summary

A man from Udupi lost Rs 23.4 lakh in an online trading scam after being added to a WhatsApp group. The group, named Aarayaa HSS, promised investment tips and high profits in online trading. Baptist Maurice Lobo was convinced to invest Rs 21.4 lakh from his and his mother's bank accounts between December 2, 2024, and January 6, 2025. When he attempted to withdraw his profits, the scammers refused and cut off contact. Lobo later filed a complaint at the CEN crime police station. The scam involved fake profits and a malicious app to lure victims into making large investments.

Incident Details

Domain
Fraud & Financial
Harm Types
AI-Powered Financial Fraud
Mechanism
conduct
Platforms
WhatsApp
Recipient
IndividualBaptist Maurice Lobo
Dimensions
economic

Sources

1
Udupi man loses Rs 23.4 lakh after being added to WhatsApp group - India Today
Google News Historical Backfill·Jan 22, 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.