How a 19-year-old social media ‘influencer’ lured victims

(MENAFN– Live Mint) The Rajasthan Police recently busted a fake investment arrangement by a teenage social media influencer. The imposter fraudulently duped over 200 people of around ₹42 lakh through a fake investment scheme. The 19-year-old fraudster was identified as Kashif Mirza, who was arrested from Rajasthan’s Ajmer, according to an NDTV report.

The state police said on Monday that Kashif Mirza was a student of class 11, who targeted social media users by luring people victims with false promises that they could make significant profits. According to police, the teenager was an “influencer” and had a large number of followers on Instagram.

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The report stated that the 19-year-old persuaded the victims to invest in the scheme by guaranteeing that they would earn ₹1,39,999 after 13 weeks on an investment of ₹99,999. “Initially, he provided some investors with the profits so that they would be influenced and tell more people,” NDTV quoted a police official as saying.

The police seized several items from him, including a Hyundai Verna, a money counting machine, phones and laptops. He has been sent to a two-day police detention.

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Before investing in any plan, plan or policy, do proper research on the company or individual.

One must ensure the credibility of the institution through online and offline research.

Fraudsters generally lack transparency in their investment strategies and offer guaranteed returns. The trick is to identify the loopholes in the investment plans.

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In addition, one must check whether the investment company and the persons offering the investment schemes are appropriately regulated by the relevant financial regulatory authorities.

You should not share passwords or leave documents containing access to financial information in an unsecured location.

In particular, banks do not send emails or text messages requesting personal information, such as account and/or social security numbers. Thus, any impostor requesting verification of account information in this manner should be warned immediately.