Beware of Investment Scams: Mangaluru Man Duped of Rs 20 Lakh in Fake J.P. Morgan Deal

News Network
October 22, 2024

Mangaluru, Oct 22: A Mangaluru resident has fallen victim to a ₹20 lakh scam after being lured into a fraudulent investment scheme by individuals posing as representatives of J.P. Morgan India. The case, filed at Kadri police station, highlights the growing threat of investment fraud in the region.

The victim, whose identity has not been disclosed, was contacted on September 24 by a man named Vishwanathan, who falsely introduced himself as the Chief Investment Strategist for J.P. Morgan India. Shortly after, a woman named Neeta Sharma reached out, using multiple phone numbers to convince the victim of her association with the prestigious financial firm. She shared a company link and urged the victim to invest ₹20 lakh, promising high returns.

On October 14, after being convinced by Neeta's claims, the victim transferred ₹20 lakh to the fraudulent account. Following this, Neeta instructed the victim to purchase 1,000 shares at ₹240 per share, which he did. The next day, she advised buying 7,900 more shares at ₹250.95 each, further strengthening her false credibility.

However, trouble arose when Neeta told the victim to withdraw the invested amount. Instead of receiving the full sum, the victim was sent only ₹1,500, transferred from an unknown account. When questioned, Neeta could not provide a clear explanation for the discrepancies.

Sensing the deceit, the victim demanded a full refund of his investment. Neeta, however, brazenly asked for an additional ₹4 lakh, prompting the victim to realize the extent of the fraud. He then filed a formal complaint with the Kadri police.

This incident serves as a critical reminder for the public to remain vigilant against fraudulent schemes, particularly those involving investment promises from unverified sources. Always ensure that you verify the legitimacy of financial institutions and representatives before transferring funds. 

The Kadri police are investigating the case and have urged the public to stay alert and report any suspicious investment schemes.

Tips to Protect Yourself from Investment Scams:

1.    Verify Credentials: Always cross-check the credentials of anyone claiming to represent a reputable financial institution. Use official contact information from the company's website to verify.

2.    Be Skeptical of Unsolicited Offers: Be cautious of unexpected investment offers, especially those that promise unusually high returns.

3.    Conduct Thorough Research: Before investing, investigate the company and the proposed investment thoroughly. Look for reviews, ratings, and any red flags.

4.    Report Suspicious Activity: If you suspect a scam, report it immediately to local authorities or financial regulatory bodies to prevent further fraud.

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News Network
October 15,2024

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The international charity Save the Children has described the conditions in Gaza as akin to the “depths of hell,” saying the aggression on the besieged territory is in fact a “war on children” as nowhere is safe.

The Middle East regional director for Save the Children, Jeremy Stoner, in a statement on Monday said, “What we’re seeing now in Gaza looks like the depths of hell with reports day after day of attacks on children and families. Nowhere is safe.”

The British NGO issued a grave warning about the escalating crisis in Gaza, stating that “evacuation orders” could soon turn into “execution orders” as children face severe deprivation of essential resources for survival.

Stoner made the remarks while explaining about the dire humanitarian situation across Gaza. He noted that in the north of Gaza Strip, a desperate population has been deprived of food for two weeks, trapped in a perilous kill zone while trying to escape relentless bombings and gunfire.

Meanwhile, in the south, where families from the north sought refuge, Israeli airstrikes have ignited a devastating fire that is engulfing Al-Aqsa Hospital and surrounding tents, with reports of rescuers discovering the remains of burned victims.

“Never has it been clearer that this is a war on children, their protection only upheld if they’re deemed a risk to those beyond their borders,” the statement said.

It added that Save the Children begun a second round of polio vaccines for children in Deir al-Balah in central Gaza , as "children face bombs and fire just 500 meter away."

Elsewhere in his remarks, Stoner underlined the need for an urgent ceasefire in Gaza and said that the absence of a ceasefire means that vaccinations for children merely delay their suffering instead of eliminating it.

“Without immediate international action, children and families across the Gaza Strip face a death sentence – today, tomorrow, in a week, in a month, by bombs, bullets, fire, disease or starvation. Anywhere, any time,” he said.

Stoner further raised concerns about humanity's moral compass, arguing those with the power and legal responsibility to intervene in this violence opt to remain passive, regretting that some member states have only responded by supplying weapons used to kill children and burn patients and families in hospitals and tents.

“Gaza is what can happen without the rules of war. Except there are rules – for parties to the conflict, and for the international community – which are not being respected,” the NGO said.

The Israeli aggression against Gaza which began in October last year has so far 42,289 people. Over 98,689 Gazans have also been injured since then.

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News Network
October 17,2024

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US and British warplanes have bombed Yemen's capital city of Sana'a and several other areas, amid the country’s solidarity with the Palestinians in the besieged Gaza Strip and the Lebanese nation in the face of Israel's brutal aggression.

Yemen's al-Masirah television network said the US-British aggression targeted the al-Hafa and Jirban areas in the north and south of the capital with six airstrikes on Thursday morning.

The television network also said the warplanes struck the northwestern Yemeni city of Sa'ada as well as the Kahlan and al-Abla areas east of the city.

The US military has used "B-2 stealth bombers for the 1st time in airstrikes on Yemen,” the television network said.

Yemen's official Saba Net news agency reported that US-British aggression aircraft launched 15 raids on the capital Sana'a and the Sa’ada province.

The agency cited a security source as saying that the aircraft targeted with six raids the areas in the north and south of the capital, and launched nine raids in Sa'ada.

A US defense official confirmed that the strikes were conducted using the B-2 bomber, which is usually deployed to strike areas heavily defended by air defense systems.

Source: Airstrikes did not hit weapons depots 

A Yemeni military source told the Lebanese Al-Mayadeen TV channel that the airstrikes did not hit weapons depots belonging to Yemen's Ansarullah, and did not affect their capabilities as claimed by the Pentagon.

The source said the use of B-2 stealth bombers in the attacks indicates "panic" in the US military over the possibility of its drones being shot down in Yemeni airspace, after several MQ-9 drones were shot down by the Houthi movement in recent months.

Any American-British aircraft or weapon used to strike Yemen "cannot neutralize the strategic weapons that the Yemeni army has prepared and continues to prepare and develop," the source said.

He added that attacks on Yemen will not succeed in forcing the Ansarullah movement to stop its support of Gaza and Lebanon.

Nasreddin Amer, Deputy Minister of Information in the Sana'a-based administration, condemned the American and British aggression, saying, “The position of the Yemeni nation toward Palestine and Lebanon will not change with these attacks.”

Amer stressed that the United States will “pay the price” of the dawn aggression against Yemen.

"We confirm that the American aggression will not pass without a response," said a statement from Ansarullah's political bureau.

Earlier on Tuesday, US and British forces conducted four airstrikes on the al-Luhayyah district in Hudaydah Province, in western Yemen. The day earlier, they carried out two airstrikes on the al-Salif district in western Hudaydah.

Yemenis have declared their open support for Palestine’s struggle against the Israeli occupation since the regime launched a devastating war on Gaza on October 7, 2023, after the territory’s Palestinian resistance movements carried out surprise Operation Al-Aqsa Flood against the occupying entity.

The Yemeni Armed Forces have said they will not stop their attacks until unrelenting Israeli ground and aerial offensives in Gaza end.

So far, Israel has killed at least 42,409 Palestinians, mostly women and children, and injured 99,153 others in Gaza. The regime has also intensified its deadly attacks against Lebanon over the past year, killing upwards of 2,300 Lebanese people.

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News Network
October 17,2024

Bengaluru, Oct 17: Karnataka chief minister Siddaramaiah on Thursday announced that all government residential schools in the state will be renamed as Maharishi Valmiki Residential Schools.

He further said that the Raichur University will be renamed as Maharishi Valmiki University, news agency ANI reported.

He made the announcement on the occasion of Valmiki Jayanti, which is celebrated to honor Maharishi Valmiki, the revered author of the Ramayana.

Earlier today, the Karnataka CM paid rich tributes to Valmiki in a series of posts on X.

"Let the life and achievements of Dalit genius, Adi Kavi Valmiki, who wrote the epic Ramayana and showed that talent is not a gift of birth, but an achievement, be an inspiration to all of us," he said.

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