Zerodha CEO Nithin Kamath warns about new scam targeting customers

Nithin Kamath, CEO of Zerodha, warns users about a new financial fraud scam involving fake Zerodha employee credentials. Scammers create fake Zerodha employee ID cards and promise substantial returns to targeted customers. They convince victims to transfer a registration fee of Rs 1.8 lakh for a promised return of Rs 5 crore. The fraudsters even provide fabricated Zerodha bank statements to gain the victim's trust. Kamath urges people to be cautious of individuals claiming to represent large companies and to question the authenticity of any document shown.

Zerodha CEO Nithin Kamath warns about new scam targeting customers
Nithin Kamath, CEO of Zerodha, warns users about a new financial fraud scam involving fake Zerodha employee credentials. Scammers create fake Zerodha employee ID cards and promise substantial returns to targeted customers. They convince victims to transfer a registration fee of Rs 1.8 lakh for a promised return of Rs 5 crore. The fraudsters even provide fabricated Zerodha bank statements to gain the victim's trust. Kamath urges people to be cautious of individuals claiming to represent large companies and to question the authenticity of any document shown.