• Create fake profiles on Facebook promoting high-return investments.
• Gain victims’ trust through convincing schemes and promises.
• Disappear after receiving large sums of money.

1. Online Trading Investment Fraud in Tamil Nadu (2024)

Steps of the Fraud:

1. Initial Contact via Facebook:
   • The victim was approached through a Facebook profile promoting quick money-making opportunities via online trading.
2. Inducement to Invest:
   • Convinced by the promises, the victim invested a total of ₹92.2 lakh over a period.
3. Non-Delivery of Promised Returns:
   • After the investment, the fraudsters ceased communication, and the promised returns were never delivered.
4. Legal Action:
   • Following a complaint, the Madurai rural district cyber crime police arrested three individuals involved in the scam.