Breaking news: The Managing Director of Falcon Group faces charges in an audacious ₹850 crore digital investment fraud that shattered countless dreams. Swift police action followed a surge in FIRs from cheated investors.
Perpetrators dangled irresistible offers of 30-50% monthly returns via mobile apps and web portals for crypto and stock trading. The classic Ponzi scheme collapsed when payouts halted, revealing the house of cards.
Enforcement teams recovered gadgets, documents, and cash stashes during coordinated raids. The fraud ring targeted urban millennials and senior citizens via targeted online campaigns.
This case amplifies calls for robust regulations in India’s digital finance sector. Cyber police vow to pursue justice and asset restitution for victims.
Stay vigilant: Research thoroughly, avoid unsolicited investment tips, and report suspicious activities promptly to curb the menace of online financial scams.