WhatsApp share market scam dupe: Mumbai man loses ₹11.1 crore in fake investment scheme

In an unfortunate incident involving a retired 75-year-old senior citizen from Colaba, Mumbai, a fraudster’s scheme led to the loss of a staggering ₹11.1 crore. The victim, a former ship captain, fell prey to a well-orchestrated scam that began through a WhatsApp group, reported ET.

As per the publication, the elderly man was added to the group on August 19, under the guise of a reputed financial services company. An individual who introduced herself as ‘Anya Smith’ quickly made promises of lucrative investment opportunities in the share market.