We’ve recently encountered a case where a scammer, posing as one of our employees, misled a client by claiming they had won a 5 crore reward from us. The fraudster requested a registration fee of 1.8 lakhs to disburse the reward, even showing fake bank statements as proof of fund access. Luckily, the client contacted us and found out that this was fake.
Here’s NK’s tweet explaining it.
Recently, there’s been an increase in scammers using clone apps to create fake trading positions, P&L statements, and more, falsely presenting themselves as successful traders. It’s a trick to lure people in. And honestly, this stuff is on the rise. We’ve seen loads of these cases popping up on social media, with all these fake profiles and websites.
How to tackle and avoid this? Talk about it.
The more we’re aware of and discuss these scams with friends and family, the better equipped we are to spot them. Always approach with caution if someone claims to be from a large company and offers quick cash, jobs, or anything that seems too good to be true. Be extremely suspicious.
Always verify any documents or proofs that someone shows you. If it’s not coming directly from the source, you should doubt its credibility. With all the fancy AI tools these days, it’s getting easier for scammers to cook up convincing fakes.
Here’s a link to a Zing video that shows how Clone apps can be used to create fake screenshots and videos of different trading platforms and even bank accounts.
If you come across anything similar, do not fall for it. Stay cautious and informed.
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Can the actors in zing videos be less cringy and can the camera man be straight facing than moving it all around 360 degrees ? It’s too hard to remember or grasp anything from these cringy videos . Sorry about the negative feedback.
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Hey, thanks for sharing your feedback. We’ll pass on your feedback to our Zing team.
99% of live trading through social media, especially youtube and insta are done by fake zerodha app. The app is for sale on certain forums and sites. Luring people is another story. Why don’t you take legal as they infringing your personal property?