Demat Daka: Trading account fraud! How hackers are replacing value stocks with penny shares, Anil Singhvi says explains; suggests ways to avoid such frauds

			

				
								
					 Written By: Ravi Kant Kumar   Updated on: July 20, 2022 10.15 AM IST		
				
			

                    

			   
          

        
        
        

        

            

                

					 

                        

		
          
      
      
      

      
      
Zee Business investigation: In a special show aimed at creating awareness among stock market investors, Zee Business Managing Editor Anil Singhvi explains how scamsters are wiping out your fund by making just a call. He says be it big brokers, market experts or retail investors or traders, none has been spared by these fraudsters who call in disguise of your broker often. 




The Managing Editor in this show talks about modus operandi of this fraud and suggests how investors can employ caution to keep their demat accounts safe.    


Catch detailed analysis on the topic below:





	  	        

	  
	

      
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Tue, July 19, 2022, 11:25 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Retired government employees or tech-savvy IT professionals all have fallen prey to this trading: Anil Singhvi speaks to some victims in Zee Business Investigation on Demat Daka 




		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, July 19, 2022, 11:14 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Hackers ask OTP to update KYC after making you believe that they are your broker and that's how they steal your money. 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, July 19, 2022, 10:57 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Hackers are replacing good stocks with penny stocks. They also sell your shares in many cases. Neither you, nor your broker at fault, but fraudsters find their ways to defraud you- Anil Singvi 





		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, July 19, 2022, 10:49 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
They take advantage of apps, such as any caller, and make you believe that they are your broker and make you divulge your key information related to your trading account 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, July 19, 2022, 10:45 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
No matter how tech savvy you are, demat account fraudsters are finding ways to steal their hard-earned money. Many similar cases have been reported lately 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, July 19, 2022, 10:41 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Zee Business investigation came after many traders and investigators reported Zee Business that unauthorized trading is being carried out in their accounts- Anil Singhvi 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, July 19, 2022, 10:33 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
How safe is your trading account? Have you fallen prey to fraudsters, who claimed to be your sock broker, only to wipe out your fund later.





		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, July 19, 2022, 10:06 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
Zee Business Managing Editor Anil Singhvi urges each viewer, investor, and trader to must watch this show as it is one of the biggest investigations so far done by the Zee Business team. 



		


				
					
			
			
	
	
	


        
       




  

  

    

	
	
Tue, July 19, 2022, 09:57 AM IST

			
			
					  		  
		  


      
		  
      
		  


		
      

	
		
					
	


		
The show that starts at 10.30 am today, Tuesday, is aimed at helping each market participant help prevent such fraud. Singhvi says as a business news channel and a team of journalists, we can only apprise and bring any scam and issue before people. We also aim to address them in a way that could be beneficial for viewers and audience.   


 




		


				
					
			
			
	
	
	


        
       




  

    

  
  
  
  
  
  

    						

 
		


 
							
						

					 

                   
                

                
            

        

        
        

        

      

        

			
			

        

        
    

    
    
   
    
    
    
    
    

    
    




  
    
    
  



  


                  

                

                

                  

                    
                

              

            

          


        

        

      

    

      










  
  
  
  
  
  










  
  
  



	
        

      

        
        
        

      

    



  
  


  

    
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