It all started when Mr. Rajput (name changed) was chilling with his family on one Sunday evening and he received a random message on Whatsapp. It was a message from an account name ‘Trade Center’ (name changed) which was something like:
‘Get assured profits & guaranteed returns on your investments’, to get started Click here.
Mr. Rajput got excited and clicked on the link provided. The link redirected him to one fake app and downloaded it in the device. He completed the registration process.
He wanted to test the investment and therefore added only ₹10,000 in the beginning. After a few days, the app displayed a profit of ₹25,000. That made him greedy and then he added fund of ₹30,000.
Again the app displayed him the profit of ₹3,00,000. That was completely unrealistic returns & profits, still Mr. Rajput didn’t realize it.
Then he received a message from a scammer who said that he was buying an IPO of Sahej Limited. He showed Mr. Rajput dreams that how this IPO can make him rich.
Mr. Rajput was not having an idea that what’s all was happening with him agreed. After 3 days, the scammer message him again and told him that he got an IPO with the shares value equal to ₹16,00,000.
So, in order to add those shares in the demat account he had to make a payment of ₹16,00,000.
Since Mr. Rajput could not afford that much amount, he denied.
But the scammer pressurised him and gave him an offer that if he could arrange 50% amount then his company would provide him a loan of another 50% i.e. ₹8,00,000.
On getting regular pressure from the scammer, Mr. Rajput managed to borrow ₹8,00,000 from different sources and added in the account. Post this, the scammer blocked his number.
By the time, Mr. Rajput realized that he had been trapped in IPO scam it was too late.
Such scams won’t stop until & unless people keep a greed of earning quick money.
People spent their maximum hours on scrolling content on social media but hardly they click on the content that tries to teach or aware them of the market regulations (which are again almost negligible).
No one takes a pain of reading and understanding market regulations and at the end they end up losing their savings and some like Mr. Rajput fall in heavy debt.
Frauds like this not only affect a person financially but also mentally.
It is therefore important to take some initiatives like:
He Asked me to Take Loan from His Company to Invest in IPO!!!
