• Approach victims with fake investment opportunities.
• Offer initial small returns to gain trust.
• Disappear after victims invest large amounts.

2. Senior Citizen Loses ₹11.1 Crore in Investment Scam (2024)

Steps of the Fraud:

1. Initial Contact via WhatsApp:
   • A 75-year-old Mumbai resident was approached on WhatsApp by individuals claiming to represent a reputable share trading company.
2. Enticing Investment Offers:
   • The scammers presented lucrative investment opportunities, promising high returns to lure the victim.
3. Small Initial Returns:
   • To build trust, the victim was encouraged to invest small amounts initially and received substantial returns, as promised.
4. Larger Investments and Fraudulent Disappearance:
   • Convinced by the initial success, the victim invested larger sums totaling ₹11.1 crore. The fraudsters then ceased all communication and disappeared.