Tag: #financialfraud

Woman Loses Rs 20 Crore in Aadhaar Digital Arrest Scam: Why Do People Keep Falling for These Traps?

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Woman Loses Rs 20 Crore in Aadhaar Digital Arrest Scam: Why Do People Keep Falling for These Traps?

A Shocking Scam That Cost an Elderly Woman Rs 20 Crore By: Javid Amin In a shocking cybercrime case, an 86-year-old woman from Mumbai fell victim to fraudsters impersonating police officers, losing over ₹20 crore in an Aadhaar digital arrest scam. Between December 26, 2024, and March 3, 2025, scammers manipulated her into believing that her Aadhaar card had been misused in a serious criminal case. Under immense psychological pressure and fear of legal action against herself and her family, she was coerced into transferring huge sums of money to…

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Torres Ponzi Scheme Unveiled: ₹1,000 Crore Scam Leaves Thousands in Ruins

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Torres Ponzi Scheme Unveiled: ₹1,000 Crore Scam Leaves Thousands in Ruins

CEO of Torres Jewellery, has been arrested in multi-crore Ponzi scam, and remanded to police custody amid ongoing investigations. Tausif Riyaz, the CEO of Platinum Hern, the company behind the controversial Torres Jewellery brand, was arrested by Mumbai Police’s Economic Offences Wing (EOW) on Sunday in connection with a multi-crore Torres Ponzi scam. Riyaz was caught at a hotel in Lonavala after being on the run for several weeks after the scam came to light. Riyaz, who was the fifth individual to be arrested in the case, was presented before…

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Safeguarding Your Finances in the Digital Age: A Guide to Combating UPI QR Code Scams

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Safeguarding Your Finances in the Digital Age: A Guide to Combating UPI QR Code Scams

Safeguarding Your Finances in the Digital Age: A Guide to Combating UPI QR Code Scams By: Javid Amin In the era of digital payments, convenience often comes at the cost of increased vulnerability to cyber threats. UPI QR code scams have emerged as a significant concern, preying on unsuspecting individuals and exploiting the growing popularity of cashless transactions. To combat these scams, it’s crucial to understand their modus operandi and adopt proactive measures to protect your financial well-being. Understanding UPI QR Code Scams Fraudsters often employ deceptive tactics to manipulate…

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