Father’s friend trying to get him into fraudaulent schemes

[User_ab62d8b1]

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User_ab62d8b1
PARTICIPANT
February 16, 2025 at 12:22 pm

My father (60M) recently retired and came into a lot of money. (50L)

A friend is trying to give him investment advise. It started with just stocks here and there.

Now it has downright evolved into forcing him into outright fraudulent investment schemes. He shares fakes screenshots of his investment to convince him.

Some examples are:

– Signing up for Growtradematrix (https://www.scam-detector.com/validator/growtradematrix-com-review/ – very likely a scam). He tried to get my father on Whatsapp video call with Dubai-based investment advisor who tries to get him to share his screen. We saw this within time and asked him not to put money there.

– Sent a real estate broker to show him plots around who quoted prices several time less than the fare price for similar plots in the area.

– Got him into signup for [https://botbro.biz/](https://botbro.biz/) (in news yesterday for MLM an MLM scheme) and just today sent him msgs today that it has now become `https://algobot.biz/` and use that instead.

We are trying to convince our father but he isn’t in a great place mentally after retirement and displays bipolar behaviour which causes him to distrust us & not tell us things. We only happened to find these instances with overhearing conversations and asking him about it with proof; otherwise he just lies.

Is there a legal precedent for taking action against this person?

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[Anshseeker301]

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Anshseeker301
PARTICIPANT
February 16, 2025 at 12:40 pm

No. But what you can do is to ensure the funds are locked into long term bank deposits or quality mutual funds or such sob that they cannot be accessed by your father.

Also get your relatives and some elderly to visit the “friend” at his home and warn him to stay away from your Dad.

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[Brightabhijeet118]

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Brightabhijeet118
PARTICIPANT
February 16, 2025 at 12:46 pm

best bet force your father to put the money in FD..

Tell him you can take loan on FD which will save tax..

make it a joint FD with your Mom . so that bothe has to sign to break or take loan ..
talk to that uncle separately. ask him to sign a contract as gurantee for the money your dad invests .. tell him to put his house on the line ..

or stop giving advise to your dad

File cybercrimme police cases against the scams ..

https://cybervolunteer.mha.gov.in/webform/Volunteer_AuthoLogin.aspx

https://cybercrime.gov.in/Webform/Accept.aspx

if he does not listen talk to his kids
talk to a lawyer to get protective order from court ..

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[Megaaditi7301]

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Megaaditi7301
PARTICIPANT
February 16, 2025 at 1:33 pm

Get a feature phone for your father.

Disable debit card.

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[User_29281ebb]

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User_29281ebb
PARTICIPANT
February 16, 2025 at 1:52 pm

The best way is to go and threaten the shit out of your father’s friend.

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[User_07f8ce37]

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User_07f8ce37
PARTICIPANT
February 16, 2025 at 3:19 pm

Take baseball bat and threaten to bust some kneecaps. Foolproof and permanent. Always works without fail.

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[Mightywolf9421]

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Mightywolf9421
PARTICIPANT
February 16, 2025 at 6:40 pm

yup.. calling him directly and tell him he’s acting as a mediator for frauds and stuffs.. you are gonna complain to police..

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[User_acb06ba7]

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User_acb06ba7
PARTICIPANT
February 16, 2025 at 1:58 pm

Friend ka khel khatam kardo.

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[User_ec44e66d]

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User_ec44e66d
PARTICIPANT
February 16, 2025 at 8:18 pm

I can feel u boss i m into the same situation
My father got retirement money and except for 10L I don’t know where his money went he was govt head master and gets around 40k as pension

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[User_82edecaf]

U

User_82edecaf
PARTICIPANT
February 16, 2025 at 9:14 pm

1) involve other family members and tell them about those friends stupid advices

2) try to get lock that money in a FD/moms account/ anywhere other than dads saving account which he uses regularly

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[Profalcon463]

P

Profalcon463
PARTICIPANT
February 17, 2025 at 2:49 am

You need to tell that uncle that you’d fuck up his life if he doesn’t stop with this. Direct and done.

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