New Delhi, April 13 -- The assurance of quick wealth continues to lure even the most educated citizens into elaborate financial traps. In a shocking case from Pune, a 75-year-old doctor suffered a financial loss of over Rs.12 crore to cyber fraudsters who assured him of doubling his wealth in just 11 days, as detailed in a recent PTI report.

This is yet another incident that is a stark warning that, in today's digital age, financial scams are evolving very fast.

The scam begins with a simple message to the victim, offering high returns through stock market investments. He was added to a WhatsApp group titled 'VIP Stock 24'. A group where seemingly credible and trustworthy advice, along with success stories, which turned out fabricated, ...