📷 Image: Wikimedia Commons / Yann (talk)
Crime
Gujarat Resident Loses Rs 1 Lakh in Facebook Scam Claiming Rs 17 Lakh for Old Rs 5 Note
✍️ India Today
🗓 11 Oct 2026, 02:01 AM
👁 14
A man from Gujarat transferred Rs 1 lakh after a Facebook post promised a return of Rs 17 lakh for an old Rs 5 note, later discovering it was a fraud.
A resident of Gujarat fell victim to an online fraud after seeing a post on Facebook that claimed a payment of Rs 17 lakh could be obtained by submitting an old Rs 5 note. Trusting the promise, he transferred Rs 1 lakh to the alleged promoter, expecting the larger sum in return. The promised amount never materialised, and the man reported the loss as a scam.
The deceptive scheme relied on the allure of an unusually high return for a negligible item, a tactic commonly used in social‑media frauds. The victim’s experience highlights how quickly such offers can persuade individuals to part with substantial sums.
Authorities and consumer‑rights groups have repeatedly warned the public about similar scams circulating on platforms like Facebook, urging users to verify the credibility of any financial proposition before making payments.
The deceptive scheme relied on the allure of an unusually high return for a negligible item, a tactic commonly used in social‑media frauds. The victim’s experience highlights how quickly such offers can persuade individuals to part with substantial sums.
Authorities and consumer‑rights groups have repeatedly warned the public about similar scams circulating on platforms like Facebook, urging users to verify the credibility of any financial proposition before making payments.