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Financial Scam relating to Stock Market


17-Jun-2023 (In Cyber Crime Law)
Sir, As a beginner in the Indian Stock market, i went through instagram pages and i found @wolkcifer offering Portfolio Management Service, they told me they are residing in Bangalore. So i chat with them and they told me to add money on their demat account, So, totally i added 3 lakhs on multiple transactions through Gpay and PhonePe. It was not worth any wait about the returns, and they keep on promising 10,12,14% returns on them. So, i decided to take back my funds, and they requested two transactions on 18% GST of the capital. So, in total, i gave them 4.36 lakhs till now. I know i am in a deep and serious situation. They promised to return all the money every night and mornings, but didn't work out till now. I am filing a complaint against them (wolkcifer), and i sincerely requested you to look after my complaints. It is reported that Trading Villa and Wolkcifer (both Instagram page) are working together, and there are many same Number and accounts.
Answers (2)

Answer #1
580 votes
Hi,

You may file an FIR shall registered u/s 419/420/ 467/468/469/471/472 IPC and u/s 66A/66C/66D IT Act against the said accused persons.

Additionally, you may escalate the matter to the magistrate if the police fails to take cognizant.
Answer #2
569 votes
These types of scans are common nowadays ….u need to get the complaint drafted n report the same to cyber crime n other related authorities…we can initiate the demand notice too to recover your amount ..u need be quick n b in touch with us

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