Indian Man Duped of Rs 977,000 in Forex Investment Scam

A man in Aurangabad, India was reportedly lured into making foreign exchange (forex) investments to earn huge profits by scammers who contacted the victim through the social networking site Facebook. The victim fell into the trap and started conducting trades on a website. Between June 3, 2024, and August 3, 2024, he transferred money from his bank account to different accounts of the scammers 15 times through Google Pay, amounting to a total of Rs 977,000.

After coming to know about the scam, the victim filed a complaint on the local cyber portal, reported the matter to the police station, and appealed for necessary action. The local cyber security team has registered a case against these unknown cyber fraudsters and started an investigation. The police station in charge said that appropriate action would be taken after the investigation.