A rare metal object that can earn you big bucks? It's what the scammers want you to believe.
Imagine being told that a common vessel made of copper or infused with a rare metal can magnetically attract grains of uncooked rice. What's more? It is worth crores and highly sought after by NASA, ISRO, and other scientific research labs worldwide. You can either buy this magical vessel or invest a significant amount to cover "testing" and/or "clearance" costs before the big payout day.
It is not a legitimate scheme but one of the most persistent scams in India, known as the "rice-pulling scam," where victims are reeled into the scammers' trap using promises of quick profits and pseudoscience. Despite police action, official , and news highlighting numerous such cases, the racket resurfaces regularly as many fall for the promise of huge returns.
We help you analyse the scam because the best way to fight back and protect your finances is through awareness, critical thinking, and verification.