Hyderabad Brothers Duped by YouTube Ad in Rs 4.48 Crore Scam
The Bait of a Reputable Name
In the bustling city of Hyderabad, two brothers from Kothapet found themselves ensnared in a financial trap that led to a staggering loss of Rs 4.48 crore. The saga began innocuously with a YouTube advertisement, seemingly from a reputable company. The ad’s polished veneer masked the intentions behind it, baiting the brothers into a deceptive web.
The Conman’s Trap
A man by the name of Rajeev Mehta, identifying himself as the Chief Investing Officer of the purported firm, reached out via WhatsApp. With eloquence and charm, he spun tales of lucrative investment opportunities, demanding a commission only for profits exceeding 50%. This proposal, too good to resist, enticed the brothers to take the plunge.
Fake Promises and False Competitions
Mehta’s allure didn’t stop at investments; he introduced the brothers to a fictitious World Finance Challenge. By voting for him, Mehta claimed they could share in a million-dollar prize. Tempted by this prospect, the brothers were drawn deeper into his fraudulent scheme.
The Illusion of Wealth
As their investment grew, so did the illusion. The brothers were shown a profit of Rs 39 crore in their Demat account—a figure that sparkled with the allure of unimaginable wealth. However, when they sought to withdraw a mere Rs 2 crore, the facade began to crack. An unexpected commission demand set alarm bells ringing.
The Unraveling of a Scam
Their suspicions peaked, the brothers made their way to Bengaluru, seeking truth at the company’s head office. The revelation bore the crushing reality—Mehta was no longer with the company and the World Finance Challenge was a lie. According to NewsMeter, this wasn’t just a deception of misleading promises but an elaborate figment of imagination crafted to ensnare the unsuspecting.
Pursuit of Justice
In the wake of this realization, a formal complaint was filed with the Telangana State Cyber Security Bureau (TGCSB) police. The wheels of justice set in motion, an investigation was initiated, promising hope for the defrauded brothers wishing to reclaim their lost trust and fortune.
This startling incident serves as a stark reminder: in the digital age, discernment is the key to safeguarding one’s wealth and peace of mind.
