Awareness of Investment Scams

A significant rise in investment scams in India poses a serious risk to investors, particularly noticeable in Assam, where a recent scam led to the arrest of 38 individuals and involved a staggering 2,200 crore rupees. Scammers often promise high returns, enticing victims into schemes that are designed to exploit their financial hopes. Creative tactics like the 'Pig Butchering' method, where fraudsters pose as credible financial experts on social media platforms, have become increasingly common. The urgency created by these scams can pressure individuals to invest quickly, leading to devastating financial losses, with early reports indicating that Indians lost over 16,000 crore rupees to such scams in just the first four months of 2024.