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Fell for a fake trading app or guaranteed-return WhatsApp group? What to do immediately? Can you recover your money?

Fell for a fake trading app or guaranteed-return WhatsApp group? What to do immediately? Can you recover your money?

Investment scams are on the rise in India, with fraudsters using fake trading apps and WhatsApp groups to lure victims with promises of high returns. If you've fallen for such a scam, here are the immediate steps you should take:

1. Do not engage with the scammers or try to negotiate. They will only try to extract more money from you.

2. Report the incident to your local police and provide them with all the details you have about the scam.

3. Contact your bank immediately and inform them about the fraudulent transaction. They can help you block the transaction and prevent further loss of money.

4. Change your login credentials for all your online accounts, including your email and social media profiles, to prevent further unauthorized access.

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