Web Desk
In one of the largest financial frauds in recent times, a Gurugram-based firm has been accused of duping thousands of users in a wallet scam worth Rs 5,000 crore. According to a News18 investigation, the company lured users with promises of hefty cashback and rewards, only to disappear with the money. The scam has left countless victims across India, many of whom were attracted by the firm’s seemingly legitimate offers and smooth marketing strategies.
The company had built a reputation as a trustworthy platform, offering cashback on a wide range of purchases, from groceries to electronics. However, after accumulating a massive user base, the firm suddenly ceased all operations, leaving users unable to access their funds. The police have launched a full-scale investigation, but the scale of the scam has made it difficult to trace the culprits.
Experts have warned users to be cautious about investing in online wallets and platforms that promise unrealistically high returns. The incident has also raised concerns about the need for stricter regulations in the digital payment sector to prevent such scams from occurring in the future.
