Stock Market Scam: Rs. 7 Crore Swindled with Promise of 5% Monthly Profits

• A fraudster, Amaresh, lured investors with promises of 5% monthly profits from stock market investments.
• He swindled approximately Rs. 7 crores from 12 victims, including Rameshwara, a game producer.
• Amaresh initially paid small profits to build trust but disappeared after collecting large sums.
• The Cyberabad Economic Offenses Wing (EOW) police have registered a case and launched an investigation.
• Police advise caution against unregistered entities and unrealistic profit promises in investments.

Key Questions Answered

How can investors verify SEBI recognition before investing?

Investors can verify SEBI recognition by looking for a 'Verified' badge on stock trading apps on the Google Play Store.

What are common red flags in high-profit investment schemes?

High-profit investment schemes often promise unsustainable returns, such as 4-5% monthly or doubling money in 9-18 months.

Will the Cyberabad police recover the swindled 7 crores?

The Cyberabad police have recovered ₹4,38,58,181 in relation to 125 cases, successfully resolving 17 cases and arresting 19 individuals.