Suspected Money Laundry - Cyber crime - Duping the public
3 months ago
In the name of Sequoia Capital Business School collecting money from investors and investing money in Primary Market and huge profits are earned with the investors money and profits are shown in electronic wallet linked to mobile. While withdrawal is requested of funds the Sequoia Capital imposing many rules which not disclosed earlier at the time of signing online agreement e.g. (1) for recovery of 30% profit dividends from investors-collecting cash (2) collecting cash in the name of short term capital gain @15%. Even after payment (3) Asking of 40% in the name of verification bye their Risk Control Department. Otherwise thrtening to hold for 6 months to release funds - I suspect that it is money laundering bye manipulating stock prices.
My case invested Apps 4 lac, Profit earned bye sale of recommended stock 28 lacs . Paid - 8.20 lacs profit div to Sequoia & Also paid 15% - 4.11 lacs towards STCap.Gain. still asking 40% - 17 lacs towards Risk control certification for release of 32.92 lacs ( 4+28=32 ) . This appears to be cheating / duping the public with no guarantee of release even after payment of 40% Risk control verification - suggest the way out or to whom I should approach.
It's an cognizable offence under an IT Act, As per Section 77-B of the Act, the offences punishable with imprisonment of three years and above shall be Cognizable. First, cease any further financial transactions with them. Document all communication, transactions, and agreements made with Sequoia Capital. Report the matter to law enforcement agencies, such as the police or a financial crimes division, providing them with all available evidence.
Additionally, seek legal advice from a qualified attorney who specializes in financial fraud or securities law. They can guide you on the appropriate legal steps to take, including potentially filing a complaint with regulatory bodies overseeing financial institutions. If there is a possibility of money laundering or stock manipulation, reporting the matter to relevant financial regulatory authorities may be necessary.
It's essential to act swiftly to protect your interests and prevent further financial loss. Keep all relevant documents and communication records, and consult with legal professionals to navigate the complexities of the situation and determine the best course of action.
Thankyou