Investment fraud is a distressing and all-too-common issue that can have serious financial and emotional repercussions for victims. Recently, we received a troubling case involving Mukesh (name changed), who sought our assistance regarding an alleged investment fraud perpetrated by a person named Kunal Jain (name changed). This incident highlights the importance of vigilance and legal […]
Fraudsters and scamsters are always on the lookout for new traders who are not well-versed in the stock market. They lure these novices with various schemes, courses, and recommendations. Since beginner traders are often unaware of regulations, they easily fall prey to these scammers and lose lakhs of their hard-earned money. A similar case happened
The stock market is completely regulated by SEBI, and any kind of investment, including IPOs, should be done using SEBI-registered brokers’ trading apps. If someone recommends any other app, it is the first sign of a scam. However, incomplete information and the greed for high returns can lead you to fall for such frauds and
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 an offline one? Well, whatever method you have selected, it is important to gain a complete understanding and conduct a proper investigation before paying any
Following Youtube channel to learn stock market is never wrong. What’s wrong is following them blindly. Recently, Anukul (name changed) approached our team and shared his experience of how a fake finfluencer by sharing his story of financial struggle gain trust of his audience and later claimed guaranteed return on account handling. Read the conversation
Isn’t it surprising that people join Telegram groups offering profit-sharing schemes without any validation? It is your hard-earned money, so think carefully before entrusting it to others. If they claim to provide profit by using your money, why wouldn’t they use their own money and keep 100% of the profit for themselves? That would be
Some of you might have encountered that soon after opening a demat account with a broker, you may start receiving calls offering advisory or recommendation services. These calls can be misleading, as people often mistake them for legitimate broker communications or are enticed by the promises of high returns. It’s crucial to verify the details
Just as there are Reebok shoes, there are also “Rebook” shoes. It’s not always necessary to wear the shoes to tell the difference; sometimes, a few clues are enough. Similarly, scammers who use brand names to make money unethically leave hints that vigilant individuals can identify. Recently, we came across a case where a victim,
Stock market courses are meant to provide valuable information and education to potential traders and beginners. However, the influence of some financial influencers has turned these courses into avenues for scams. This has not only led to people distrusting stock market education but has also distanced them from trading in the share market. Recently, we
Telegram scams in India are increasing day by day, and most of those are just because of the negligence and over-influence of the person (fraudster) on his or her audience. Recently, we came across one such case of Mr. Namit (name changed), who got scammed by one of the Telegram channels, Commodity trading (name changed).
Profit Sharing is a Big Scam that happens in all kinds of cities and towns across the country. This one happend with someone named Sushil Kumar Saini (name changed) from Rajkot, Gujarat. One of our team mates got in touch with him. Here is a quick conversation. ADB: Mr. Sushil, can you tell us what
Have you come across a Telegram Channel or a Whatsapp Group that regularly shows you Profit Screenshots. Lots of them. And then claims that all these profits are made by their clients. Such channels then share a LINK with you to become a client yourself so that you can also make a lot of money.
