SM Users Easy Prey For Cybercrooks: Official
Hyderabad: The City Cyber Crime Unit (CCCU) has warned citizens about increasing online trading scams where fraudsters are luring victims with fake promises of quick profits via social media. ACP RG Siva Maruthi said fraudsters communicate with people on Facebook, Telegram or WhatsApp, pose as investment advisors and offer fake trading opportunities.
“They build trust with constant messages and screenshots of fake profits. Once convinced, victims invest small amounts and scammers display manipulated returns to make them believe the platform is real,” the officer said. When victims try to withdraw money, scammers demand extra payments such as ‘transaction fee’ or ‘tax’. “These are tactics to get more money. By the time the victims realize this, they have already lost their savings,” he explained.
The officer added that scammers use fear to control victims, threatening to freeze accounts or take legal action if they refuse to pay. “These scams cause victims to panic and make payments again,” he said.
Citizens have been asked to be careful and verify investment platforms through SEBI or official channels before sending money. “If it seems too good to be true, it probably is,” the ACP said, advising people to stop immediately and contact cybercrime police at the first sign of suspicion.
Scammers often operate from abroad using fake websites and encrypted apps that look almost professional. Officials emphasized that awareness and early reporting are key to preventing losses.
Public Advisory on Online Trading Scams
• Verify the authenticity of trading platforms and investment advisors before investing.
• Avoid unwanted links or offers on social media.
• Do not share bank details, OTPs or UPI PINs with anyone.
• Never pay “transaction” or “withdrawal” fees to claim profits.
• Consider delayed or blocked withdrawals as a red flag.
• Stay calm when threatened; Legitimate companies never resort to intimidation.
• Report suspected scams to the National Cyber Crime Helpline (1930) or cybercrime.gov.in.
