Bought Gold Coins Worth Rs. 2 Crore from Reward Points by Cancelling the Orders worth Rs. 104 Crore

Hard-core looters..

For all those people who have questions
Jio was refunding in form of IMPS payment instead of refund to source
hence original cc transaction never got reversed, refund was actually a payment to cc, hence they got points
with those points they redeemed myntra voucher from which they bought coins

I believe this is not a fraud, they took advantage of the loophole in the system. So can't be classified as Cyber Fraud, a good lawyer can get them out quickly.

Of course, there will be TnCs of the CC, and Jio Mart which may be violated, but that can not be classified as a fraud!

As per that, every trick posted here and on the internet, and the users are frauds 😬

The facts are matching with the data,

They were caught with the 15 Magnus Cards, if we assume a 5 Lacs limit on each, then also it's 75 Lacs to use at a time. (The limit will be higher than that.)

Their total purchase was around 104 crores, so the average monthly is only around 20 crore according to the fraud duration of 5 months. ( Daily will come around 67 Lacs)

Order, Cancel, Repeat.

The reward rate for the gift voucher from Magnus is around 1.5 - 2.5 % only.

@Sidhi.Baat.No.Bakwas @Gauravmittal49589

From now onwards I will report tricks posted on desidime to cybercrime portal yaha bhi aisi same scam dirty tricks post hoti hai @Simbha3 cybercrime department must need to take cognizance 

How the hell they got reward points even after cancelled the order....🤔

Not sure how he managed to get reward points even after getting the refund. Also I have no idea if the axis magnus card is available on Rupay network or not.

I have one axis credit card on rupay network and the refund basically gets credited as upi payment, it doesn't shows as refund and so I receive reward points on the same. and this happens in case of ICICI as well they show refund as upi cashback adjusted and reward points are not reversed for the transaction.

Does hdfc billpay reward points for cc bill payment come under fruad category

Back in 2016, I discovered similar loophole where one startup was crediting coins for single order 3-4 times by pressing back button after the transaction was successful 😅

More interesting thing was - they had some signup offer and you can create multiple accounts using same phone number 🥲

I was going slowly with my loot trick but after one month i read one shocking news - one youngster was arrested for defrauding 1+ crore and hacking their systems. 

Buss Bhai stopped next day and kept following news for 1-2 weeks. That guy was released after few days and I read detailed investigation report which was prepared by one IPS officer 😐

I could have ended in jail but thankfully I did not leak this trick otherwise fate kuch aur hi hota.

Ham to 50k 60k me hi khush rahte hain.. 2 cr rwd point aaya kaise pahle.. kitna limit hoga mad kitna use kiya hoga? Kuchh aur hi ghapla hoga

. Not only rwd points.. pure lifetime me itne ka rwd nahi mil sakta ek card se

Bro but after refund, reward points get reverse back to the bank so how they got the reward points at first hand? I've ordered so many things from different platform and all of them refunded the money back to the source payment method. And  my cashback, reward points got also reversed back.  How did they get the reward points? I'm confuse!

This is lesson to misusers like Abhi abhi bhi time hai sudhar jao 

yeh dono pakka desidimers hai.

How were they receiving the reward points without delivery 

Want to know for educational purposes. 

The news link is not revealing much,

hmm what is the modulus operandi behind this trick? can someone elaborate so that its easy to understand

so that we can be careful:)

@Bhawin is that you 

Kisi din abhisek ka v nam ayega.