In the last few months, incidents of scaming unknown investors of fake trading websites have increased. Investors get caught in the net of these websites in the greed to earn profit soon. When his entire savings leave the account, they feel this fraud. Retired people, employees of government and private sector and even people associated with defense have been made victims of such scams. After all, how are people made victims of this scam?
This is how the scam starts
Frauders target people through Instagram, WhatsApp, Telegram etc. The conversation begins in a friendly manner. People are asked to be a part of such ‘investment group’, which seem real. It is said that as soon as it is part of the group, we will tell about making the big experts of the market. As evidence, data of earnings are presented to the members of the group daily. After relying on these things, people down the trading app that looks exactly like authentic financial platform.
People break up to FD for earning quickly
These fake app contains visuals that show the movement of real time stock markets. As soon as people start investing, they see their profit growing on the screen. This encourages them to invest more. Some people withdraw money from their bank fixed deposits for this. Some borrowing units of mutual funds borrowed while borrowing from their friends and relatives. However, they feel a big shock when they try to withdraw their money money.
Trying to withdraw money seems to be shocked
When the investor tries to withdraw his money, he sees different error messages. For example, due to lack of tax compliance, the withdrawal request failed, technical error. By the time the investor finds out that he has been fraudulently, it is too late. The trading app is not visible. On calling the phone number, the message of the unreachable is heard and the WhatsApp group is deleted.
More educated people are also becoming victims
This scam is running across the country. Its victims are also becoming more educated and professional people. A retired Air Commodore hit such a scheme of Rs 1.45 crore. A 66 -year -old man from Pune suffered a loss of Rs 2.5 crore. An agriculture officer from Kerala was losing 43 lakhs. There are many such examples of people who have been victims of scams. All of these people were quite educated. However, the greed for earning profits soon brought him to a big loss.