In Burari, a residential area in north Delhi, two men were arrested for allegedly withdrawing money from a person’s bank account through the e-wallet application PhonePe. Their names are identified as Sanjay, 40, from Mukundpur, and Rahul Dass, 24, from Burari.
A Delhi scammer stole Rs 52,000 from a man's PhonePe wallet.
In Burari, a residential area in north Delhi, two men were arrested for allegedly withdrawing money from a person’s bank account through the e-wallet application PhonePe. Their names are identified as Sanjay, 40, from Mukundpur, and Rahul Dass, 24, from Burari.
An individual named Sandeep Sharma notified the police of the loss of his mobile phone on November 3.
After buying a new phone and activating the SIM card on November 5, he discovered that his PhonePe wallet was active. An unidentified person withdrew an amount of Rs 52,860, so he filed a complaint at the Burari police station.
It was determined that the beneficiary of the e-wallet application was found when records were obtained during the investigation. In the following days, Sanjay and Dass were arrested in Burari, according to the officer.
A police report states that Rahul recovered the victim's lost phone. According to the police, the tech-savvy suspect unlocked the phone, changed the security codes for the eWallet app, and transferred money to Sanjay, the owner of a pan shop, six to seven times.
Apparently, the owner of the pan shop kept a portion of the money for himself and gave the rest to Dass in cash.
According to the police, the accused filed a report a bit late since he thought the phone had been misplaced and he would eventually find it. The police located the lost mobile phone of the victim and a new device valued at * 20,000 that was in Dass' possession.
Also Check: Scammed while buying a puppy from Facebook.
How to handle a stolen or lost smartphone -
1. Immediately notify your cell phone carrier - Your cell phone carrier may suspend or disconnect the service to your missing phone to prevent unauthorized use. If you are unable to reach your carrier by phone, you may be able to report it on their official website.
2. Remotely lock and wipe your phone if possible - Most smartphones come equipped with an option that you can use to remotely deactivate your device and prevent thieves from resetting it. It is necessary to install these services first so that they can work.
3. Alert The Police - You may or may not get your phone back, but if you need to dispute fraudulent charges on your device, you could need a police report.
4. Let your family and friends know - If a fraudster comes into possession of your phone. They may attempt to defraud your friends and family by pretending to be you.
5. Inform Your Bank - If you have any e-wallets installed on your phone, ask your bank to block your account from further transactions.
6. Use Vouch to make and accept payments. It is a digital escrow service that releases your payment once your desired service is provided.
How does digital escrow work?
In digital escrow, a third-party account holds the money deposited by the buyer until the seller fulfills the terms of the contract. The escrow company supervises the transacting parties.
What is the role of Digital Escrow in preventing online fraud in India?
Digital escrow services are offered by many companies in India. Among the most trusted is Vouch.
Vouch’s Digital Escrow service is a transparent way for buyers and sellers to build trust and secure a clean transfer of product and payment. Sellers can feel assured that they will be fairly compensated promptly, and buyers will feel confident that their order will be delivered as expected and on schedule. Vouch Digital Escrow keeps you updated and informed at every step of the transaction process till the end. Vouch’s professionals are always available to assist you with all queries that you may have during the entire transaction process.
There is no scope for deceit or fraud since the payments, shipping, delivery, and execution are carried out under the honest and watchful eyes of the Vouch’s professionals. With Vouch, any business transaction becomes transparent, uncomplicated, and hassle-free. If you ever come across a fraudster asking for OTP, asking you to scan a QR code, or asking you to click on phishing links, you can simply refuse and ask him/her to proceed with the transaction through Vouch.
This is Fraud Story #139. Check back here for more fraud stories and scams that you can protect yourself from.
Safety is not just about protecting your credit, debit card number, and UPI accounts. It's about having control of your money till you've received the product or service you bought online!
Note: This is a good-faith initiative to educate the world about avoiding frauds like these and how to act when you're becoming a victim of such a situation.
Do you have a fraud you would like to report? Please write to us at letstalk@iamvouched.com
