A man named Nawab Hasan from Uttar Pradesh promised 5–6% monthly returns from stock market.
About 70% in a year…
At first instance it looks fishy but he used terms like "AI bots" and "robot trading."
Thousands invested after seeing profits in the beginning.
Then one day, the withdraw button disappeared, accounts were deleted, and investors couldn't access their money.
Investigation revealed there were no AI bots and no real trading.
He pay old investors taking money from new investors.
While much of the funds were routed through crypto to Dubai.
The fake platforms, including QFX, BotBro, BotAlpha, YFX, CrossAlpha, and MyCrypto, used professional-looking dashboards showing fake profits and balances.
TOTAL SCAM VALUE = ₹800 crore.