News Flash:
Hi everyone, there is a new WhatsApp stock market scam happening right now. It starts with a random person messaging you, usually with a woman's profile picture, offering free stock market tips. If you agree, they send you a link to join a group. In the group, they conduct two live broadcasts daily, one in the afternoon and one in the evening. They pay you to watch these broadcasts continuously for three days, along with some data pack recharges.
Initially, the broadcasts appear professional, discussing market indices and suggesting stocks. After about a week, they start promoting a "700% wealth surge plan" on your initial investment. They claim that the consulting services you're currently enjoying are worth Rs 50,000 for this quarter. If the 700% gain is achieved, you must pay consulting fees and revenue sharing for two quarters. The fees depend on the information service you choose for the next quarter. If the 700% profit is not achieved, no fees are charged, and future cooperation allows you to choose your desired service level freely.
The stocks they suggest also surge, and people in the group keep posting their profits and praising the "professor" named Hardik. When it comes to the 700% surge plan, they introduce a twist: they ask you to download an app or visit a website to sign up with your Aadhar number. They claim this "Preferred Asset Account" has several advantages:
Believing it to be genuine, you might add your money. Initially, you make good profits, but soon you realize you can't withdraw your money, and eventually, you are blocked by everyone.
The company behind this scam is IEF (International Equity Funds), operated by Meera Patel, Hardik Shah, and Ami Shah from the USA. If you Google them, you won't find any legitimate information. There are also multiple company names associated with this scam, according to my research. Be aware and never fall for these scams with unrealistic profits. Always use trading apps approved by the government, do your research, and be mindful.
There’s both positive and negative side of technology. Let’s talk about the negatives for now. WhatsApp is a messaging app which has now introduced a channel section where you can choose different channels and receive updates relevant to those channels. But, there’s a scam going on in Whatsapp via International Equity Funds. It starts with a random person with a woman’s profile picture sending you messages on stock markets. The person first asks whether you would like to learn about stocks and investments and once you confirm, they will send you the link to join the group. The portfolio of International Equity Funds is not regulated by a well-known regulator. So, if you get a message, don’t fall in the trap.
I wAnt to know more details what happened with you... Plz rply me my contact number is
Do you able to withdraw your funds
I want further clarification of this scam of IEF. Pls give me your contact number as soon as possible 😔
I want also want to know further clear... What ammount you can't withdrawal... Your contact number plz
You give me your contact number i call you surely... I am in IEF group
can you pls share your contact number or mail id. I’m also in the same situation.
I have lost 70 lakhs ....
Ipo.. Scam send additional qty... Then ask for money...
IEF के नाम पर बहुत बड़ा स्कैम चल रहा है जिसमे प्रोफ़ेसर हार्दिक बनकर और अमी शाह मीरा पटेल जैसे स्कैमर शामिल है ये लोग पहले मीरा पटेल बनकर व्हॉटशॉप पर massage करते है फिर लालच देकर पैसा लुटते जो लोग फस चुके है वो लोग साइबर कंप्लेंट कर दे और जिन लोगो के पास व्हॉटशॉप massage आया हो वो लोग इसको अनदेखा कर के इस बड़े स्कैम से बचे मै भी इस फ्रॉड का शिकार हो चुका हु मेरा व्हॉटशॉप नंबर 6307376112 जो भाई इस फ्रॉड का शिकार हो चुके है वो सम्पर्क कर सकते है
I have also been duped by the above Firm call International Equity Fund. My losses are in millions of Rupees (my life time savings have gone in there.)
If Meera Patel is a BITCH then HARDIK SHAH is a WOLF.
Their modus operandi has been very nicely bought out above. They initially lure you with huge profits and allow you to withdraw small amounts. If you want to Withdraw large amounts, Meera would say "My Headquarted has reported that you have applied for Withdrawal of XXXX amount which is against the Policy of the Company and Investor would have to pay 5x of withdrawal amount as penality."
In Bajaj Housing IPO, I was alloted 28K IPO shares and they asked me to pay the balance amount without which I would not be able to sell those shares. Since the deposit amount was less than 5L and profits were huge one did not mind.
For KRN Hear Exchanger IPO, I was allocated over 48K shares and was asked to deposit deficit amount of almost 50 lacs. They also sent me a Legal Notice. I could sell these shares only after depositing the deficit amount and generated huge profits. When I applied for withdrawal of these profits, they asked me to payup 27% of profit being withdrawan (20% STCG Tax and 7% IEF Tax) and assured me that once I deposit the taxex, I can withdraw the profits freely.
But that was not to happen as after this they asked me to deposit 30% of the profit amount as Security Deposit which was absurd as the money that I invested was tax paid and the profits that I generated were also tax paid. Then they came up with another story of FATF Compliance to refuse my Payments. It may be noted that FATF is an International Governing body where in member countries support each other to prevent Money Laundering for terrorism purposes. This has nothing to do with domestic transfers. This is another proly employed by them to dupe the innocent Investors.
In addition there are large number of members in WhatsApp group who are on the rolls of IEF and they keep posting transactions worthe crores of rupees every day.
All these fraudsters are based out of India and using Indian mobile numbers for WhatsApp on Wifi. You can never make a normal call with them.
This is hight time we expose these bastards. If you have also been duped and are interested in initiating legal proceedinds against them, Please WhatApp me on (+91-9958555610). We can form a group with the Primary aim of gaving them caught be legal agencies. Regards
Further, They do not have any GST No, PAN No or MCA Registeration No. The SEBI Registration Certificate they share with Investors is Fake as on the SEBI Website, It is registered against a US Company by the same Company name as FII.
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