In a recent case, an NRI from Bengaluru was duped of Rs. 2 crore by a group of fraudsters who promised him high returns on an investment in the stock market. The victim, who had been lured into the scam through a social media post, transferred the money to the fraudsters’ bank account without doing any due diligence.
If the victim had used Castler Escrow, he would have been protected from this scam. Castler Escrow is a secure platform that allows buyers and sellers to transact online without having to worry about fraud. When a transaction is processed through Castler Escrow, the funds are held in a secure account until the buyer and seller have both fulfilled their obligations. This means that the victim would not have been able to transfer the money to the fraudsters until he had received the promised investment returns.
In addition to providing a secure platform for transactions, Castler Escrow also offers a number of other features that can help to prevent scams. For example, Castler Escrow verifies the identity of both parties involved in a transaction.
If the victim in this case had used Castler Escrow, he would have been protected from the scam and he would not have lost his money. Castler Escrow is a valuable tool that can help to prevent fraud and protect consumers.
Here are some specific ways in which Castler Escrow could have prevented this scam:
If you are considering making an investment online, we urge you to use Castler Escrow. It is a safe and secure platform that can help to protect you from fraud.