Techie's Nightmare: Bengaluru Resident Loses Rs 68 Lakh In Online Scam While Selling Bed On OLX

An IT expert from Bengaluru recently became a victim of internet fraud while trying to sell a bed on the well-known online marketplace OLX.

It's a terrifying story of digital deception. The regrettable episode serves as a reminder of the increasing hazards involved in online transactions and the necessity for consumers to exercise greater caution.

Who Is This Man?

He is a 39-year-old man who is a techie from Bengaluru.

What Happened With Him?

I'm adequately baffled! The guy is an engineer... shouldn't his internal alarm stop him right after the first 'Send Rs. 5 so I can Rs. 10 back' in the long charade? ? pic.twitter.com/j34JPjbxJt

¡ª Karthik ?? (@beastoftraal) December 15, 2023

In a startling episode, the Bengaluru-based techie lost Rs 68 lakh when he tried to sell a secondhand bed on the well-known online marketplace OLX.

The victim, who goes by the name Aadish, unintentionally gave his One Time Password (OTP) to con artists posing as potential customers, according to a thorough report by The Times of India.

This resulted in a significant financial loss over the course of three days. The Bengaluru Police have said that this tragedy is the biggest loss of such a fraud.

A guy posing as Rohit Sharma called Aadish after he placed an OLX advertisement asking for Rs 15,000 to sell his old bed.

Sharma initiated talks with Aadish on December 6th, expressing interest in buying the bed.

Sharma then gave Aadish his word that he would use an app for digital payments to transmit the money.

But a few seconds later, Sharma alerted Aadish to a problem impeding money transmission.

Credit: Twitter

Sharma made a commitment to return the Rs 5 that Aadish had deposited into Sharma's UPI ID. This promise was made through a sequence of dishonest actions.

After that, Sharma gave Aadish back Rs 10. After that, the con artist convinced Aadish to send Rs 5,000 and received Rs 10,000 in exchange.

Sharma persuaded Aadish to deposit Rs 7,500 and promised to reimburse Rs 15,000 as part of the intricate plan.

At this point, Sharma made up a story to say that he had accidentally wired Rs 30,000 and forced Aadish to refund the funds by sharing the OTP and clicking on a website.

Relying on the sincere purchaser, Aadish complied with Sharma's instructions.

But when money began to disappear from his account, he had doubts.

Aadish finally discovered he had been duped, even after Sharma had assured him that the delays were due to technical issues.

When Was The Incident Disclosed?

Credit: Canva

Between December 6 and December 8, when the scam was going on, Aadish kept sending money to Sharma because he was so caught up in the lie.

"The next links he shared were in the lakhs," Aadish clarified in a statement to The Times of India, adding, "I urged him to return the money as soon as I noticed that I was losing money through IMPS transfers from my account."

How Much Money Did The Man Lose?

Relying on the sincere purchaser, Aadish complied with Sharma's instructions.

But when money began to disappear from his account, he had doubts.

Aadish finally discovered he had been duped, even after Sharma had assured him that the delays were due to technical issues.

What do you think about it? Do let us know in the comments.

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