An 80-year-old woman from Nagoya, a city in Japan’s Aichi Prefecture, has fallen victim to a fraudulent investment scheme that originated from a connection made on social media. The woman was deceived into believing she could invest in a lucrative opportunity, resulting in a loss exceeding 160 million yen (approximately $1.1 million USD).
The police are urging caution, particularly when it comes to investment proposals received through social media platforms. They emphasize that if individuals are approached by someone they only know online, there is a significant risk of falling prey to scams.
Background on the Issue
Investment scams have become increasingly common, especially with the rise of social media. Scammers often exploit the trust built through online interactions, convincing victims to invest in non-existent ventures. Authorities recommend that anyone considering an investment should conduct thorough research and consult with trusted financial advisors.
Source: www3.nhk.or.jp