Have you decided to learn about the stock market before investing your hard-earned money? Great! So, where have you decided to learn from? Have you chosen an online platform or offline?
Well, whatever method you have selected, it is important to gain a complete understanding and conduct proper investigation before paying any fees. Wondering why we are saying this?
Of course, there isn’t just one reason behind this, but here is one story about Rohit (name changed), who lost more than ₹60,000 because he got trapped by the false promises of a so-called fake mentor on Facebook.
Here is a complete narration of Rohit’s experience with one of our team members.
Rohit: Hi, I need assistance with a situation involving a fraudulent stock market course.
ADB: We’re here to help. Can you explain what happened?
Rohit: In 2021, there was a person running a Facebook channel providing stock market tips and selling courses on stock market information. He was selling the course for ₹20000, and because I wanted to learn about the stock market, I bought it.
ADB: What did the course promise to offer?
Rohit: The course promised comprehensive information about the stock market, including intraday trading, stock options, and F&O. It also included a money-back guarantee if I wasn’t satisfied.
ADB: What did you discover after purchasing the course?
Rohit: I realized that the person didn’t actually know about the stock market. He was just copying and pasting information from other sources.
The course consisted of recorded videos with content sourced from third parties. It was clear that he had purchased software from others and was using their information.
ADB: Did you try to get a refund since it was promised?
Rohit: Yes, but the money-back guarantee was a lie. I couldn’t get a refund.
ADB: Did you suffer any financial losses due to following his tips?
Rohit: Yes, I suffered a loss of up to ₹67000 because of his tips.
ADB: Do you have any proof of these transactions or communications?
Rohit: Unfortunately, I don’t have enough proof to support my case right now, but I do have payment proofs.
ADB: Is this person still active and doing the same thing on Facebook?
Rohit: Yes, he is still active on Facebook, continuing the same fraudulent activities.
ADB: Thank you for sharing all the details. Here’s what you can do:
Rohit: Thank you. I’ll proceed with these steps.
ADB: You’re welcome. If you need further assistance with the complaint process or gathering evidence, feel free to reach out to us. We’ll help ensure everything is properly documented and submitted to the relevant authorities.
