Here is how fraudsters are trying to cheat OLX users

Hyderabad: It’s not every day that you agree to buy or sell a product for a certain amount on OLX and end up losing thousands, and perhaps even lakhs of rupees more for it.

A man from Mumbai allegedly scamming money out of people by committing QR code fraud. The fraudster has sent the QR code via WhatsApp contact and asks you to send Rs. 10 but actually you lose thousands.

Over 200 cases of QR Code fraud have already been reported in the city.  Still, the cybercrime fraudster kept on looting innocent people.

There are several gang members allegedly cheating sellers on OLX, Quickr and other e-commerce sites. Posing as buyers of the products on sale, the conmen generally contact people selling furniture, vehicles, and electronics.

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The sellers allegedly agree to buy the product after a short phone chat or phone call with the seller. Once the seller is convinced, he would send the seller a QR code of any UPI apps and ask them to scan it, stating it would facilitate the bank account transfer.

Recently a month ago, a conman allegedly contacted Summit Shah, a software engineer and a resident of Mumbai who wanted to sell his sofa set on OLX and tried to cheat him of Rs. 10,000. Summit taking it to Facebook after which the incident came to light and gone viral on social media.

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