Elderly Couple Targeted in Elaborate Scam
An elderly couple from Hyderabad fell victim to a sophisticated cyber fraud, losing a staggering Rs 10.61 crore. The fraudsters employed a variety of tactics, including threats of “digital arrest” and forged government letters, to convince the couple to transfer funds.
How the Scam Unfolded:
- Initial Contact: The scam began with a phone call from someone claiming to be an SBI official. The caller falsely accused the victim of having an unauthorized bank account in Mumbai.
- Fear and Intimidation: The fraudsters exploited the victim’s fear and vulnerability by threatening legal action and portraying the couple as involved in money laundering.
- Credibility Tactics: To gain trust, the scammers sent forged letters purportedly from the Enforcement Directorate and Income Tax Department.
- Multiple Transfers: The couple was coerced into transferring funds in installments over a period of time.
- Communication Cut-off: After receiving the funds, the fraudsters abruptly ceased communication, leaving the couple to realize they had been scammed.
Investigation and Findings:
- The Telangana Cyber Security Bureau (TGCSB) is investigating the case.
- The fraudsters used “mule accounts” located in various parts of India to launder the stolen funds.
- The scam highlights the increasing sophistication of cybercriminals and their ability to target vulnerable individuals.
Prevention Tips:
- Be cautious of unsolicited calls and emails, especially those claiming to be from government agencies or financial institutions.
- Never share personal or financial information with unknown individuals.
- If you suspect a scam, contact your bank or law enforcement immediately.
- Stay informed about the latest cyber threats and prevention techniques.
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