Curative Survey, a seemingly legitimate enterprise, orchestrated a money-doubling scam, raking in an astonishing Rs 59 Crores from unsuspecting investors. This insidious scheme, camouflaged as a survey platform promising substantial returns, bore the hallmarks of trust erosion, influencer collusion, and a sudden disappearance act.

The Anatomy of the Scam:

To comprehend the magnitude of this event, it’s crucial to place it in the context of recent financial scams in India. Data from the past year reveals a surge in fraudulent activities, with scams ranging from Ponzi schemes to online frauds. In 2022 alone, the country witnessed a 30% increase in reported financial fraud cases, emphasizing the pressing need for heightened vigilance among investors. Delving into real-world instances of similar scams provides a stark reminder of the pervasive nature of financial fraud. The SpeakAsia Online scam and the infamous Saradha scam serve as cautionary tales, echoing the same elements of trust betrayal, influencer involvement, and sudden disappearances that characterize the Curative Survey debacle.

Lessons for Investors Enhanced:

The fallout from the Curative Survey scam serves as a sobering reminder of the fragility of trust in financial systems. Trust in influencers, trust in information sources, and most importantly, trust in one’s ability to discern legitimate opportunities from fraudulent ones. This multifaceted lesson advocates for a cultural shift towards robust financial literacy and unwavering vigilance.

(ABRAR UL MUSTAFA works as Branch Head in the Middle Management of a reputed PSU Bank. views are personal and not of the organisation he works for.)

QOSHE - Kashmir Investment Scam: Caution needed - Abrar Ul Mustafa
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Kashmir Investment Scam: Caution needed

8 0
01.01.2024

Curative Survey, a seemingly legitimate enterprise, orchestrated a money-doubling scam, raking in an astonishing Rs 59 Crores from unsuspecting investors. This insidious scheme, camouflaged as a survey platform promising substantial returns, bore the hallmarks of trust erosion, influencer collusion, and a sudden disappearance act.

The Anatomy of the Scam:

To comprehend the magnitude of this event, it’s........

© Greater Kashmir


Get it on Google Play