OLX Scam

OLX Scam, even though it is linked and widely named with Web site this scam happens with various different second hand products selling web sites.

In these scamms, the scamsters usually posing as iether some government official, Army person and contacts the seller who is trying to sell a product on OLX, or other second hand products selling websites.

Initial Conversation with the seller sounds very legit, buyer agrees to all terms plus he is happy with the product conditions and looking to buy product immeidately. Also because he claims that he is from Indian Army, govt official or othere designated person people generaly trust him. In some cases these fraudsters also shares some govt id photos and details so that sellers trust level increases on the buyer. Once the Trust if build.

Buyer then insists on paying for the product via online payment apps such as Paytm or Google Pay. Now, the fraudster sends a fake screenshot to the seller purporting to show that the said amount has been transferred to the seller’s Paytm account. However, the seller learns that they have not received any amount.

The fraudster then brings out his last card of the play. He guides the victim through the process and sends a QR code, which he claims can be used for receiving the money. The victim falls for it, scans the QR code and enters the UPI Pin to pay the amount rather than receiving it.

Now, the victim panics a bit and asks the fraudster to refund the amount. This is the part where the fraudster gets another chance of getting more money out of the victim’s pockets. He claims that this was a mistake and that now he is sending a QR code for twice the amount in order to account for the money that has been mistakenly debited from the victim’s account.

If the victim falls for it again, the fraudster ends up making thrice the money. These fraudsters repeat this exercise as many times as they can without getting caught.

This way, the victim ends up losing thousands or even lakhs of rupees while trying to sell a product online on OLX or Quikr.

he fraudster then brings out his last card of the play. He guides the victim through the process and sends a QR code, which he claims can be used for receiving the money. The victim falls for it, scans the QR code, and enters the UPI Pin to pay the amount rather than receiving it.

Also, there are some safety measures that one can follow in order to avoid such a crime. The precautions are as follows:

1. Verify credentials of buyer/seller before making or receiving payment
2. Buyer/seller showing unreasonable hurry or urgency is a likely fraudster.
3. Don’t click on any link or scan a QR Code. You may lose money.
4. Avoid accepting or making advance payment. It may be a trap to defraud you.
5. Fraudsters use fake identity proof of national institutions to gain confidence and faith. Beware of any such attempt.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam.

Robert Smith

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium loremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Middle Post Heading

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Small Post Heading

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui.