What is a 'boss scam'? 5 ways to protect yourself from CEO fraud
New Delhi, Oct. 19 -- The cybercrime wing of Avadi city police in Tamil Nadu has arrested a 27-year-old Delhi man in connection with an alleged 'boss scam' in which Rs.1.90 crore was transferred from a private company in Chennai's Ambattur Industrial Estate.
According to a report by The Hindu, Soundararajan, general manager of Fluidtherm Design & Development Pvt. Ltd., received a WhatsApp message on 13 August, purportedly from the company's managing director. He was allegedly manipulated into transferring Rs.1.90 crore to a specified bank account.
After realising he had been cheated, he lodged a complaint with the Avadi Cyber Crime Wing. The investigation allegedly traced the funds to an account belonging to Deepak Meena, 27, who was ar...
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