Community › Forums › Legal Advice India › INDIA: Stock Trading scam in the name of Advent Capital
- This topic has 3 replies, 4 voices, and was last updated 1 year, 1 month ago by
Swiftlakshay6226.
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FFiercemadhuri9835
PARTICIPANT
April 27, 2025 at 3:17 amHelp Needed I have been scammed . I accepted a whatsapp group invite. they claimed to be Advent Capital International. They asked me to install an app called ADVEX (playstore link). It is like any other trading app. They said that we can buy and sell UC (upper circuit) stocks through this platform as they are investment institution and have access to such stocks. Every day market news etc too are posted there. The profit was UC to UC. But they were taking data from NSE (nation stock exchange of India), and Bombay Stock Exchange. the buy and sell was on the prices shown on these exchanges. Long story short, I kept on putting money. And one fine day when I wanted to withdraw, they asked to me pay 20 percent advance Short Term Capita Gain Tax as required by Indian Govt. I told them such taxes are to be paid by individual and not the stock broker. But they kept on insisting that being an institutional investor they have to file advance taxes themselves. I understood their game and started contacting other members. Most of them are fake. But I was able to contact 4-5 members and all were scammed same way. I reported this matter to cyber security police in Delhi. India. What else can I do to recover my lost money? -
SSwiftlakshay6226
PARTICIPANT
April 27, 2025 at 3:35 amDabba trading kia hai bhai aapne. Your money will be either fully gone or partially return.ย -
SSonianinja436
PARTICIPANT
April 27, 2025 at 4:25 amJust be connected with the concern police they will help you in recovery of amount and then you need to get file an application of superdari in court to release the recover amount. Police must have gave you acknowledgment no. Or FIR no. You can track with those numbers through your concern police station. -
CCalmeagle9213
PARTICIPANT
April 27, 2025 at 5:08 amNothing more right now. Just follow up with the police.
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