Investor Inquiry: Should I Trust an AADHAAR-Registered Charity Group Offering Investments?

Ans: Complaint to police and also SEBI

Ans: Here's how you can complain against the organization that allegedly opened an institutional trading account for you without your consent:

1. File a Complaint with the Broker:

Start by directly contacting the broker's customer care department. Lodge a formal complaint about the unauthorized opening of an institutional account.
Request them to rectify the situation and close the account immediately.
Keep a record of your complaint, including the date, time, and reference number (if provided).
2. Approach Regulatory Bodies:

If the broker doesn't address your complaint satisfactorily, you can escalate it to the Securities and Exchange Board of India (SEBI). SEBI is the regulatory body for the Indian stock market.
You can file a complaint online on the SEBI SCORES portal (https://scores.gov.in/) or by post/email.
SEBI will investigate your complaint and take necessary action against the broker if they find any wrongdoing.
3. Stock Exchange Grievance Redressal Mechanism:

If the broker is a member of a stock exchange (NSE or BSE), you can also file a complaint with their grievance redressal mechanism.
Each exchange has a dedicated portal for filing complaints.
4. Legal Action:

As a last resort, you can consider legal action against the broker. This might be a more complex and time-consuming route, so consulting a lawyer specializing in financial matters is recommended.
Documents to Keep Handy:

Any communication you had with the broker regarding the account opening (emails, SMS, call recordings, etc.)
Account opening documents (if you have any)
Proof of your identity and residence
Remember:

Act promptly. The sooner you file a complaint, the better the chances of resolving the issue effectively.
Keep detailed records of all your communication and actions taken.
By following these steps, you can take action against the organization and potentially get the unauthorized account closed.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in

Ans: Appreciate you checking carefully. This shows great caution and responsibility. Using a public figure’s name to push quick-money schemes is always risky. Let us assess the truth behind that investment claim.

? Check Authenticity of the Advertisement
– The viral video shows Finance Minister endorsing a Rs 21,000 investment.
– Fact-check agencies confirm this video is a deepfake.
– AI voice and facial manipulation were used to mislead viewers.
– Neither the Minister nor RBI Governor supported any such scheme.
– Government has issued warnings that such endorsements are fake.

? Understand What a Deepfake Is
– Deepfake means creation of fake video or audio using AI.
– It can closely mimic a trusted person’s voice or face.
– Fraudsters use it to create false trust and urgency.
– A false voice clip or video can fool many online users.

? Typical Patterns of Investment Scams
– They promise extremely high returns with minimal risk.
– Claim fast turnover like Rs 21?000 turning into Rs 15?lakh in a month.
– They pressure targets to act immediately.
– They provide little or no official documentation.
– Such offers always require advance payment via bank transfer or link.

? Is Your Money Safe with Them?
– NO. Money sent to such schemes is not safe.
– You may never get any returns or your original amount back.
– Some victims lose entire Rs?2?lakh to fake forex or stock schemes.
– Fraudsters disappear after initial contact or lure.

? Why Seniors Are Specifically Targeted
– Scammers often target older people using official imagery.
– Claims of government endorsement create undue trust.
– Seniors may feel they cannot verify digital authenticity easily.
– This is a known method of exploitation.

? Steps You Must Take Immediately
– Never invest based on WhatsApp or social media posts.
– Do not click unknown links or download APK apps.
– Do not share personal or banking credentials.
– Report such fraud attempts to cybercrime helpline or police.
– Verify any investment via official government websites only.

? Official Government Position
– Press Information Bureau has flagged AI-generated bogus videos.
– RBI has clarified its officials never promote such platforms.
– Government platforms never ask for upfront payment in ads.

? How to Spot Scam Red Flags
– Promises of guaranteed huge earnings in short time.
– Claims backed by manipulated videos or famous names.
– Pushy language urging immediate action.
– No track record, no regulatory approvals.
– Requests for money via non-bank transfers or gift cards.

? Keep Yourself Safe from Such Frauds
– Always verify any new scheme via official sources.
– Leverage common internet platforms, but confirm reliability.
– Get advice from a CFP before investing any money.
– If an online offer feels too good, treat it as false.

? What You Can Do If You Received Such Message
– Do not reply or engage further.
– Report the number or message to cybercrime police.
– Delete the message and block the sender.
– Warn friends and family especially seniors to avoid it.

? Prepare Yourself Financially, Smartly
– Genuine investment products never guarantee huge returns.
– Real wealth grows slowly with disciplined savings and regular investing.
– Use only regulated mutual funds after consulting a Certified Financial Planner.
– Avoid all quick-money schemes and unregistered platforms.
– Diversify your investments based on goals and risk appetite.

? Final Insights
– That Rs?21?000 investment claim is a scam built using deepfake.
– Your money is not safe with any such fake scheme.
– Only trust investment products after proper verification and guidance.
– Protect yourself and others by staying alert, informed and cautious.
– Always rely on professional input from a CFP-backed MFD before investing.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: yes its fake, file a cyber crime complaint.