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Prevent Investment Fraud to Protect Your Money from Fake App Scams

Nov-16-2023Blog by – Mr. Dhruv AjmeraRead Time: 4 Min.Word Count: 521
213Prevent Investment Fraud to Protect Your Money from Fake App Scams

According to a news report, more than 5 lakh Indians lost their hard-earned money worth Rs150 crore via fake investment apps. Given that online investment and payment transactions are exploding, fake app scams have also become a cause of worry.


Let’s understand all about fake apps and the ways to prevent them.

What are Fraudulent Apps?

Scammers create fraudulent apps that look and function exactly like any other legitimate app available in the App Store or Google Play. Gaming, cash and banking apps and software update reminders are the common apps that fraudsters target. When you download these apps, imposters steal your personal information, bank details and other vital data. They can also trick you into paying money to them.


A few ways fake apps can cheat you are:

  • Infecting your digital device with ransomware to lock you out of your data.

  • Infecting your digital device with malware to deliver malicious content.

  • Sending spam messages urging you to take immediate action (for example, login now or else your bank account will become inaccessible) 

  • Getting unrestricted access to your digital device through rooting


How to Avoid Investment Frauds?

While cyber risks are not completely preventable, you can minimise them significantly by taking proper precautions.


Research the App

Do not download an app by clicking links in any unsolicited emails or messages. You should download the app from the company’s official website, Google Play or App Store. Stay away from downloading apps from third-party stores or websites.


Read the Reviews

Check the reviews of the app on various websites. Ask your family, friends or colleagues if they know about this app. Beware of too many positive or negative reviews. You should also check the app rating and number of downloads.


Read the Privacy Policy

When you download an app, it will ask you to agree to certain terms and conditions or authorisations. Read the privacy policy properly before you give any permission.


Assess the Look and Feel of the App

A fake app would usually have grammatical and typographical errors, distorted icons, poor-quality images and asymmetrical placements. You will feel that something is ‘off’ with the look and feel of the app. This is your red flag!


Too Good to be True

If a money app is promising you guaranteed returns, zero risk or high returns in a short time, it should ring a warning bell in your mind. Research the app’s schemes and claims properly.


Enhance the Security

Make your digital devices secure with password protection, multi-factor authentication, anti-virus software, etc. This will protect you against investment fraud considerably.


Conclusion

It is highly advisable to invest your money through a trustworthy online investment broker such as Ajmera x-change. We are a reputed financial services platform with a high-quality research team and a state-of-the-art technological platform. We have a powerful online trading platform and mobile app with cutting-edge features. You can scan the QR code from our website and download the app safely. Our app is also available on the App Store and Google Play.


We can help you keep your money safe from fake app scams. Contact us to know more.


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Sandra Ruby

I lost my investment capital and profits trading online to them, they kept on requesting for extra funds before a withdrawal request could be accepted and processed, in the end, I lost all my money. All efforts to reach out to their customer support desk had declined, I found it very hard to move on. God so kind I followed a broadcast that teaches on how scammed victims can recover their fund through the help of Mrs Robert Lee a recovery specialist, I contacted her email provided for consultation, I got feedback after some hours and I was asked to provide all legal details concerning my investment, I did exactly what they instructed me to do without delay, to my greatest surprise I was able to recover my money back including my profit which my capital generated. I said I will not hold this to myself but share it to the public so that all scammed victims can get their funds back. Contact his email: (robertslee 6 1 8 @ gmail . com) or whatsapp +1 8. 5 6-5. 4. 9 - 74 69

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swan serinda

I am Serinda, a resident of West Virginia, and I am sharing my experience of being defrauded by a cryptocurrency Ponzi scheme. A few months ago, I encountered a crypto exchange website that deceptively mimicked a legitimate crypto exchange, and their support team proved exceptionally unhelpful. Unbeknownst to me, I was ensnared in a cycle of incessant fee demands, purportedly required to access the funds they instructed me to deposit. They had fabricated a fraudulent exchange platform designed to lure individuals into depositing their crypto tokens with the promise of significant returns. Regrettably, I was oblivious to the deception. My realization dawned when the exchange website rejected my withdrawal requests. In desperation, I contacted DUNE NECTAR WEB EXPERT. They not only facilitated the recovery of my crypto funds but also educated me about the mechanics of the scam. While the experience was devastating, I am grateful for their assistance in retrieving my crypto tokens from that fraudulent exchange website and its team. I strongly urge everyone to exercise extreme caution and conduct comprehensive due diligence before investing or transferring cryptocurrencies to any website or team. DUNE NECTAR WEB EXPERT can be contacted via: - Email ( Support @Dunenectarwebexpert . Com ), Telegram ( Dunenectarwebexpert ), Mobile Number ( +1- 617-283-4687 ).

Kristen Andrew

IT WAS GREAT IDEA IN CONTACTING FOLKWIN EXPERT RECOVERY FOR RECOVERING MY LOST ON CRYPT0. My husband lost a staggering $37,000 in a forex trading scam, and for a while, we believed that our hard-earned funds were gone forever. This wasn’t just any money, it was the savings we had set aside for our honeymoon, a gift from family and friends after our recent marriage in 2025. We had carefully planned for our first vacation together, excited to start our new life as a couple. When the scam happened, it felt like our dreams were shattered, and we were left feeling devastated and helpless. Like many others who fall victim to such schemes, we spent countless hours searching for ways to recover our money, but everything seemed futile. After exhausting all options on our own, I decided to conduct more in-depth research on recovery services. Among the numerous options, one name consistently stood out: Folkwin Expert Recovery. They had a strong reputation for successfully recovering funds from scams, particularly those involving forex trading. Despite hearing of many similar services, something about Folkwin Expert Recovery gave me hope. Still, I was understandably skeptical. The idea of recovering lost money seemed like an impossible task. But after a detailed conversation with their team, and after explaining our situation in full, I felt a sense of renewed optimism. They assured me they could help, promising to investigate our case thoroughly and work toward recovering our funds within 24 to 72 hours. True to their word, Folkwin Expert Recovery acted swiftly. Their team worked diligently, reviewing all of the transaction details, communications with the scam broker, and any additional information we had. They kept us informed throughout the process, providing updates regularly, which helped alleviate some of the stress we were feeling. To our astonishment, within just 72 hours, Folkwin Expert Recovery had successfully recovered $32,000 out of the $37,000 we had lost. The results exceeded our expectations, and we were overjoyed to have a significant portion of our funds returned. What truly impressed us was the transparency and dedication Folkwin Expert Recovery demonstrated. Not only did they recover a large portion of our lost funds, but they also restored our faith in the possibility of recovering money from such scams. We had almost given up hope, assuming that we would never see our vacation money again. But Folkwin Expert Recovery made the impossible possible. Their professionalism and commitment to their clients were evident at every step, and we couldn’t be more grateful. If you've fallen victim to a forex trading scam or any similar fraudulent investment schemes, I wholeheartedly recommend reaching out to Folkwinexpertrecovery(@)tech-center. c om OR WhatsApp +1 740-705-0711. Their team is experienced in recovering lost funds, and based on my experience, I’m confident they can help you as well. Don’t lose hope contact Folkwin Expert Recovery, and you may find yourself recovering your lost funds just as we did, restoring not just your finances but also your peace of mind. Warm greetings, Kristen Andrew.

Matthew Connell

LOST MONEY TO FAKE BROKERS? CONTACT?(FOLKWIN EXPERT RECOVERY) FOR ASSIST. I'm a fairly tech-savvy guy: I check links for doubles, verify sources, and I never download anything shady. But when a fake wallet update stole $220,000 from me, well-let me tell you-if it happens to you, you'll realize how easy this is to fall for. It all began with my regular check of my Bitcoin wallet: a notification popped up, requesting me to install an "important security update." It was absolutely legitimate in appearance-same branding, same language, even the same interface. Wanting to stay ahead with security, I clicked install without a second thought. The very moment the update finished, my wallet locked me out. I tried my usual credentials—nothing. Reset password? The link wouldn't send. My heart pounded as, on another device, I refreshed my balance: zero. Panic set in. My mind raced, wondering: Did I just lose everything? My $220,000-years of careful investments-gone because of one click? I felt sick. I tried reaching out to the wallet's official support, but they confirmed my worst fear: I had installed malware that stole my keys. They couldn't do anything. In desperation, I went to r/Crypto Advice on Reddit. The post was raw, frantic, practically begging for help. Amidst the tsunami of condolences and warnings from folks saying my funds were definitely gone, one reply stood out: "Try FOLKWIN EXPERT RECOVERY. They've helped people in your situation before." Skeptical but desperate, I called, and they called back instantly-reassuring. No impossible promises were made, but they said they would do everything in their power. In hours, they traced where my funds had been rerouted; they were not lost yet. The waiting was torture, but the updates they were giving me kept me sane. Then came that email: "We've recovered your funds." I couldn't believe it. The feeling of logging into my wallet and having the full balance was just unreal. My financial future had been hanging by a thread, and FOLKWIN EXPERT RECOVERY pulled me back from the edge. Beyond just recovery, they took the time to walk me through security best practices, teaching me how to identify fake updates and secure my investments against future attacks. Lesson learned: even the best investors get duped. But thanks to FOLKWIN EXPERT RECOVERY, this wasn't a wipeout. INFO TO CONTACT: Whatsapp: +1 (740)705-0711  Website: WWW.FOLKWINEXPERTRECOVERY.COM, Email: FOLKWINEXPERTRECOVERY@TECH-CENTER (.) CO M Warm greetings, Dr Matthew Connell.

Jack Osas

FINALLY I GOT MY LOST BITCOIN BACK ALL THANKS TO TSUTOMU SHIMOMURA Hello everyone I want to use this Medium to say big thank you to TSUTOMU SHIMOMURA for they helped me recover my stolen crypto worth $250,000 through their hacking skills I tried it I was skeptic but it worked and I got my money back, I’m so glad I came across them early because I thought I was never going to get my money back from those fake online investment . you can contact them via WEBSITE: https://tsutomushackexpert.com/ or WhatsApp via: +12569564498, or Telegram @TsutomuShimomurahacker, and I’m sure you will be happy you did.

susan derick

Crypto Currency’s has been the general direction of the economic development which individuals like to save up with instead of banks. I lost my bitcoin to fake blockchain impostors on Facebook when they contacted me as blockchain official support and I fell for their mischievous act. Whatever information I gave them, made them gain access into my blockchain wallet and made away with my $955,000. I lost it and almost in a comma because this were all my savings waiting for bitcoin rate to improve. I wrote directly to the specialist whom I was referred to by my sister-in-law ( century@cyberservices.com ) explaining my loss. He helped me recover my crypto in just after 8hours and he as well helped me launch the recovery program all thanks to his expertise. I believe that someone out there will need his great services that is why I am referring him to someone. Reach out to Century Web Recovery to recover you lost funds from any form online. You can also email them via website: https://centuryweb.online WhatsApp +13862608052

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Escalation Matrix

Details of Contact Person Address Contact No. Email Id Working Hours
Client Servicing / Customer care Suresh Munge 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628913 suresh_munge@ajmera.co.in 10:00 am to 6:00 pm
Head of Client Servicing Mr. Dhanesh Bendre's 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628915 dhanesh_bendre@ajmera.co.in 10:00 am to 6:00 pm
Compliance Officer Ashish Ajmera 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628888 ashish@ajmera.co.in 10:00 am to 6:00 pm
CEO / Whole Time Director Ashish Ajmera 63-67, Ajmera House,
4th Floor, Off K.H.Ajmera Chowk,
Pathakwadi, Mumbai – 400 002.
022-40628880 ashish@ajmera.co.in 10:00 am to 6:00 pm

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