Stock investment fraud
1 week ago
My brother got scammed in WhatsApp group stock investing advisory fraud
1. In one group he has already lost huge amount (60 lakh) in which they are asking him to invest more to free up his money
2. And in on going another group his approx 14 lakh is stuck on name of IPO release I have screen shots
This group is investing on an app name ic max and on opening its shows ICICI direct
Need advice to at least if we can help him to recover this amount
A.Dear Client,
You can report the WhatsApp groups which involves in such stock investment frauds to avoid future scams. Further, it is advisable not to invest further in such stocks in lieu of recovering the initially invested amount. So, in this case, you can file a cyber complaint to your nearest cyber cell under Sections 66, 66C & D for online theft and frauds and they will be able to take appropriate action against the scammers and help you to recover the amount. You can also file a complaint against such groups to the local police under Sections 419 & 420 of IPC for cheating and personation. If required, you can consult an advocate for advice and further assistance.
Hope it helps.
Thank you.
You can report the WhatsApp groups which involves in such stock investment frauds to avoid future scams. Further, it is advisable not to invest further in such stocks in lieu of recovering the initially invested amount. So, in this case, you can file a cyber complaint to your nearest cyber cell under Sections 66, 66C & D for online theft and frauds and they will be able to take appropriate action against the scammers and help you to recover the amount. You can also file a complaint against such groups to the local police under Sections 419 & 420 of IPC for cheating and personation. If required, you can consult an advocate for advice and further assistance.
Hope it helps.
Thank you.
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A.Dear Client,
If you come across a WhatsApp group claiming to be a part of the ICICI group and offering high profits through institutional trading accounts, it's important to approach it with caution. ICICI is a well-established financial institution, and it's unlikely that they would conduct business through a WhatsApp group in this manner. To verify the authenticity of such claims, you need to contact ICICI directly through their official website or customer service channels to inquire about the group's legitimacy. Be aware of any requests for personal or financial information and never invest money without thorough research and verification. It's crucial to exercise due diligence when encountering such claims, as they could potentially be part of fraudulent activities. WhatsApp investment groups are not safe. They are often used by scammers to lure people into investing in fraudulent schemes In the given scenario, you need to inform the matter to the local Police Station and Cybercrime Cell of your district or state seeking their necessary action in the matter. The National Cyber Crime Reporting Portal(NCCRP) is an initiative of the Government of India to facilitate victims/complainants to report cybercrime scams or complaints online and once a cyber crime scam is reported online to NCCRP, on the instruction of Cyber Crime Cell, investigating team started the routine process of investigation immediately to trace out the fraudsters. The length of time it takes to investigate a cybercrime can vary greatly depending on the complexity of the case, the resources available to the investigators, and the cooperation of the victim. In general, cybercrime investigations can take anywhere from a few weeks to several months or even years. You can also register a complaint of cybercrime at https://www.cybercrime.gov.in/ and track the status of your complaint online. You may consult with a cyber crime expert for further guidance and steps.
If you come across a WhatsApp group claiming to be a part of the ICICI group and offering high profits through institutional trading accounts, it's important to approach it with caution. ICICI is a well-established financial institution, and it's unlikely that they would conduct business through a WhatsApp group in this manner. To verify the authenticity of such claims, you need to contact ICICI directly through their official website or customer service channels to inquire about the group's legitimacy. Be aware of any requests for personal or financial information and never invest money without thorough research and verification. It's crucial to exercise due diligence when encountering such claims, as they could potentially be part of fraudulent activities. WhatsApp investment groups are not safe. They are often used by scammers to lure people into investing in fraudulent schemes In the given scenario, you need to inform the matter to the local Police Station and Cybercrime Cell of your district or state seeking their necessary action in the matter. The National Cyber Crime Reporting Portal(NCCRP) is an initiative of the Government of India to facilitate victims/complainants to report cybercrime scams or complaints online and once a cyber crime scam is reported online to NCCRP, on the instruction of Cyber Crime Cell, investigating team started the routine process of investigation immediately to trace out the fraudsters. The length of time it takes to investigate a cybercrime can vary greatly depending on the complexity of the case, the resources available to the investigators, and the cooperation of the victim. In general, cybercrime investigations can take anywhere from a few weeks to several months or even years. You can also register a complaint of cybercrime at https://www.cybercrime.gov.in/ and track the status of your complaint online. You may consult with a cyber crime expert for further guidance and steps.
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