A Pune tax consultant was recently duped of ₹15 lakh by a trio of Gujarat-based men who promised him high returns on investment in the share market. The victim, who has not been named, had transferred the money to the suspects’ bank accounts in installments over a period of time.
The scam could have been prevented if the victim had used Castler Escrow. Castler Escrow is a secure platform that holds funds in trust until the terms of a transaction are met. This means that the victim would not have been able to transfer the money to the suspects’ bank accounts until they had delivered the promised investment returns.
Castler Escrow offers a number of features that can help to protect users from scams. These features include:
If the victim in the article had used Castler Escrow, they would have been protected from the scam. The money would have been held in escrow until the suspects had delivered the promised investment returns. If the suspects had failed to deliver the returns, the victim would have been able to get their money back.
Castler Escrow is a valuable tool that can help to protect users from scams. If you are considering investing in the share market or any other type of investment, it is important to use a secure platform like Castler Escrow.
Here are some additional tips for protecting yourself from investment scams:
By following these tips, you can help to protect yourself from investment scams.