While the Coronavirus pandemic has engulfed the country, fraudsters are on the prowl to deceive innocent people of their hard earned money. These innocent people are fooled by various messages that they receive and due to their mistakes, they end up losing their money. Social media is replete with messages and posts promising guaranteed high returns for money, only to be cheated. Zee Business brings a special report for its viewers. It also warns people to remain cautious at all times. 

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Don't Do This: 

Beware of schemes which could make you bankrupt. A small error and your bank account could become empty. An attempt could be made to defraud you with a promise of guaranteed returns on your WhatsApp number in the form of scams messages.

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The cases have been on the rise since the pandemic started. You will find many schemes which promise to offer guaranteed returns on your assets including stocks, real estate property or agricultural land. 

These schemes promise to offer guaranteed returns on a monthly or weekly basis. The moment you trust these schemes, you hard earned money will be taken away by the fraudsters. So never do this or else you will lose out. 

We show you how many people have been deceived after being lured of guaranteed returns. Innocent investors have been contacted on numbers which are present on social media sites like Facebook. In one such case, a fraudster was contacted by an investor where the former had promised for providing intraday trading schemes which would offer a profit of Rs 30,000-Rs 40,000 on an investment of Rs 4-5 lakh. 

Prashant Mali, a cyber-expert advises investors not to contact on number written or displayed in any advertisement. These numbers are usually a ploy to cheat people, he said. 

Several tricks are being employed to win the trusts of potential investors, including promise of guaranteed returns on stamp papers. The fraudsters then try to convince people to buy these schemes. 

Another victim Nirmal Shah was trapped in a similar scheme, where he lost Rs 25 lakh. He initially invested Rs 20,000, on which he got some returns in the beginning, but things turned South thereafter. 

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Zee Business advises its viewers to make thorough investigation about the schemes before investing in.