Udupi man loses over Rs 2 crore in WhatsApp stock market scam – Udayavani

Home State Team Udayavani, May 16, 2025, 8:54 PM IST Representative image Udupi: A 55-year-old man in Udupi has lost over Rs 2.3 crore in just one month after falling for a fake investment scam promising high returns in the stock market. The victim, Jayaananda, was added to a WhatsApp group named ‘The Wealth Architects’ on March 20. The group lured him with claims of big profits through stock market investments via a platform called ‘KOPERNIK DMAT’. Believing the claims, Jayaananda transferred a total of Rs 2,30,65,000 to several bank accounts between April 1 and May 13, as instructed by the scammers. However, he received neither returns nor access to the invested funds. A complaint has been registered at the CEN police station, and investigations are underway. Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news. Top News Rain alert: Heavy rainfall likely in 15 districts including coastal Karnataka tomorrow Poll preparations for multiple Bengaluru Corporations within 4 months: Deputy CM Shivakumar CM Siddaramaiah inaugurates ‘Praja Soudha’ in Mangaluru, reaffirms commitment to social justice We want to encourage and see direct talks between India and Pakistan: US Belthangady: Ramesh Aravind to
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