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Victim to Victory: Woman Gets Back Rs 1.7 Crore of Rs 2.7 Crore Stolen by Cybercrooks

– Woman recovers Rs 1.7 crore from Rs 2.7 crore cyber scam.
– Quick police action and court approvals facilitated the recovery.



Senior Bank Manager Falls Prey to Online Investment Scam, Loses Rs. 21.5 Lakh

Imagine this – you’re scrolling through your phone when an ad pops up promising easy money by liking YouTube channels. Sounds too good to be true, right? Well, for a Bengaluru entrepreneur, it turned into a nightmare after she lost a whopping Rs 2.7 crore in a cleverly crafted cybercrime. But here’s the good news – thanks to her quick thinking and the Bengaluru police’s sharp work, she’s getting over Rs 1.7 crore back!

The Lure of Easy Money

The incident unfolded between April 6 and April 22, when the woman was deceived into participating in what seemed like a profitable online scheme. The entrepreneur, who wishes to remain anonymous, clicked on a tempting link on her phone that promised her a chance to earn money by liking YouTube channels. Initially, she did see some small returns, which built trust with the scammers. This is a common tactic – fraudsters often start small to lull victims into a false sense of security.

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The Scam Deepens: Promises of Double Money

But the con artists didn’t stop there. They dangled the carrot of even bigger rewards through “investments” that supposedly offered double the amount in a short period. To make it seem even more believable, they added her to a Telegram group filled with fake testimonials from supposed beneficiaries who claimed to have received this “double money.” This social proof strategy, combined with the initial returns, convinced the entrepreneur to invest larger sums – a risky move that went from bad to worse.

Something Doesn’t Feel Right: Taking Action

By April 19th, red flags started popping up. The repetitive messages from alleged beneficiaries about their “double money” seemed fishy. Thankfully, the entrepreneur didn’t ignore her gut feeling. She confided in a family friend who recognized the signs of a cybercrime. This is a crucial step – if you suspect something is wrong, don’t be afraid to reach out to a trusted friend or family member for advice.

Swift Action Leads to Recovery

The entrepreneur wasted no time. She immediately dialed the National Cybercrime Helpline number 1930 (remember this number!) and filed a formal complaint with the cybercrime police. This prompt action proved to be her saving grace. The authorities were able to trace and freeze the miscreants’ bank accounts before they could vanish with the stolen funds.

ALSO READ: This Hacker Sentenced to 13 Years and Fined $16 Million for Global Ransomware Rampage

Partial Victory, But the Fight Continues

The police investigation led them to three “mule” bank accounts in Rajasthan and West Bengal where approximately Rs 1.7 crore was stashed away. Thanks to court approval, this amount is being returned to the entrepreneur. While this is a significant recovery, the fight isn’t over yet. Authorities are working on retrieving an additional Rs 30 lakh traced to another account, and the investigation continues to recover the remaining stolen funds.

Lessons Learned: Stay Vigilant and Act Quickly

This case is a stark reminder of the growing threat of cybercrime. It also highlights the importance of acting quickly when you suspect fraud. By filing a timely complaint, the entrepreneur not only secured a financial win but also serves as an inspiration for others who might fall prey to similar scams. Here are some key takeaways:

  • Be wary of unsolicited investment opportunities, especially those promising high returns with minimal effort.
  • If you receive a suspicious link or offer, don’t click on it!
  • If you suspect you’ve been a victim of cybercrime, call the National Cybercrime Helpline at 1930 and file a formal complaint with the police.

By staying vigilant and taking action, you can protect yourself from becoming the next target of a cybercrime scam. Remember, even if you fall victim, don’t be afraid to speak up and fight back. You might just get your money back, just like this brave Bengaluru entrepreneur.

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