look news india
Fake investment websites: These days all social media platforms including Facebook, Instagram, Google and Telegram are filled with ads and videos that are duping customers by promising huge profits. Websites and apps are regularly created for investing.
Such companies shut down and disappear overnight after making profits for some time. The Home Ministry has created a new mechanism to deal with this. People will themselves know whether the website on which they are going to invest is real or fake.
On the instructions of the Ministry, SEBI has put the details of all 980 registered companies investing in the stock market on its official website. Along with this, the cyber crime portal and SEBI have also created a separate mechanism to prevent such crimes. If someone is involved in such fraud, then he can complain about it on the cyber crime portal or SEBI's website. After which action will be taken against the company.
This is how people fall prey to fraud
Manoj Kumar of Delhi saw an advertisement of an app on social media which claimed to do trading through a bot. The company promised Manoj a 5-7% return on investment every month. Manoj started investing on this. When he started getting returns on the initial investment, Manoj kept increasing the investment. He also included his relatives in this. Later the company disappeared.
A person from Haryana has started investing on the trading app Aviator. Up to 50 times returns were claimed on this. The victim invested on the app but lost all his earnings.
A victim from Meerut saw an advertisement on social media that promised a credit of Rs 2,000 on logging in to the app. As soon as he downloaded the app and logged in, the entire amount was wiped out from his account.