Followme Investor Alert: Beware of High-Return Investment Scams
Authorities in Lucknow, India, have recently uncovered a case where investors lost around ₹6.7 million (~$80,000 USD) in a scheme linked to Kunal Dhiren Mehta, director of Kaifi Global Investment Company. The scheme promised fixed monthly returns, but collapsed after Mehta’s arrest.
Key Takeaways for Investors:
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Verify before you invest: Always confirm the legitimacy of a company and its directors. Don’t rely solely on personal introductions or family connections.
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Be cautious of guaranteed returns: Promises of fixed or unusually high profits are often a red flag for scams.
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Watch for early payment patterns: Scammers sometimes make small early payouts to build trust before disappearing with larger investments.
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Protect yourself: Keep records of all transactions, and report suspicious activity to authorities immediately.
At Followme, we urge all traders and investors to do thorough research, question unrealistic offers, and prioritize security over quick gains. Stay alert, stay informed, and trade responsibly.
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Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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