Woman loses Rs 23 lakh in online stock market scam: How to protect yourself

Delhi police arrested a 29-year-old man, Mohammad Daud, on Wednesday for allegedly duping a woman out of Rs 23.5 lakh by promising high returns on investments in the stock market through a website.

Here’s what happened

Perpetrator: Mohammad Daud

Modus Operandi

Mohammad Daud targeted a 32-year-old woman with a website on social media that promised high profits from stock market trading. When she contacted the number on the website, he persuaded her to invest Rs 1,000 initially, which yielded a return of Rs 1,300.