Investment Fraud-Beware

Don't be a BAKRA

"Sir/Madam, do you invest in the stock market?" - Beware, treat this question like a Huge Red Flag, trust only SEBI approved apps and NEVER invest money on the recommendations of a person who has not validly gained your trust (i.e. like your regular investment consultant).

These days, scammers are using AI a lot to gain information about you from various sources, so you could be one of perhaps thousands being contacted, even as I make this post!!

Stay alert. Stay safe. Stay secure. 

CA Vikram Shankar Mathur 

January 5th, 2025.

A Picture Speaks More Than a 1000 Words

A Picture Speaks More Than a 1000 Words Can. 

AI scams target festive shoppers

Out of the blue, you get a call from someone near and dear to you, let us say, Mr. XYZ, asking for help, financially, in fact, asking you to transfer money to a third-party's account! You will not or may not, even in your wildest dreams imagine that it is not the voice of Mr. XYZ!!

Welcome to the world of AI Scams!! Almost 41% of Indians, as per the report attached, fall prey to this scam, despite cyber experts warnings issued releatedly today!!

(Source: Ahmedabad Times, Front Page, December 19, 2024, Thursday)

2024-12-02 - Cyber Financial Fraud to Avoid

Can you be arrested over a Video Call (TOI)

The impudence of these scammers, for impersonating Police Officers (for we refuse to believe that there is any actuality in them) - causing fear and intimidation amongst the unsuspecting public!! 

Never fall for these fraudulent tactics, their sole purpose being to strong-arm you into paying a 'penalty / fine' for allegedly 'illegal activities', whether it be for 'updation of PAN in your electricity records' or 'material intercepted at Mumbai being illegal (drugs etc.)'.

Let us be clear that even the Enforcement Directorate or Customs Department cannot arrest anyone over a video call, unless there is an identified officer (with valid identification -ID) is physically present in front of you!!

As this advertisement states "VERIFY IDENTITIES BEFORE SHARING ANY PRRSONAL INFORMATION. FILE A COMPLAINT AT WWW.CYBERCRIME.GOV.IN" - STAY ALERT!