Beware of fraudulent schemes circulating on social media

EVERETTE ASSIS TELLES, Comba-Margao | APRIL 20, 2025, 12:33 AM IST

This is to express my concern regarding a fraudulent investment scheme currently making the rounds on social media platforms, particularly Facebook. This scheme, under the banner of “Thrive in a Crisis,” is enticing individuals to invest Rs 21,000 with the promise of earning an astonishing Rs 1,500,000 in just one month. To lend credibility to the scam, videos falsely featuring respected personalities such as Sudha Murthy, Narayana Murthy, the Infosys chairman, and Finance Minister Nirmala Sitharaman endorsing the project have been circulated. These videos, however, are deepfakes—manipulated content generated with the intent to deceive.

The claims made by this scheme are undoubtedly unrealistic, and it seems to be a deliberate attempt to exploit the trust of gullible investors. Additionally, the links shared alongside these posts often redirect users to phishing websites that are designed to steal personal and financial information.

It is crucial to verify any investment opportunity through official sources or trusted financial advisers and remain vigilant about promises of unusually high returns and unverifiable endorsements. Suspicious links must be avoided to prevent exposure to malicious websites. Fraudulent schemes such as these should be reported to relevant authorities to protect others from falling victim.

If something sounds too good to be true, it almost certainly is. Scammers are constantly devising new methods to deceive individuals, and awareness is the best defence against such practices.  

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