Ironically in a twist of a lifetime, Sasthamangalam Ajith Kumar, a baised criminal and cyber lawyer lost 93 lakh to an online fraud. Still, Kumar was a knowledgeable person in IT crime, but he encountered fraudsters who presented themselves as stock market players.
The scam started when Kumar joined a group known as “Club 88 “ via the application WhatsApp and was introduced to an application annotated as Block Tigers. The scammers who claimed to be some kind of investment gurus got Kumar to transfer large sums of money with the boast of providing high returns. Kumar between June 21 and June 27 made several transactions thinking that he was making profits.
This was realized when withdrawal has been made, and the whole idea, which was presented to the investors, was discovered to be lies. Filing a complaint on the same, Kumar immediately lodged a complaint with the cyber police, and they have started an investigation regarding the same.
The elaboration of this scam demonstrates that the evolution of cyber fraud is heading in the direction where it is even possible to deceive persons who have had certain experience in this sphere. The cyber police call on the public to be extra careful and always seek to ascertain the validity of various attractive investment Modalities.