Easy money making app- a full-fledged scam- Beware

Image by Steve Buissinne from Pixabay

I was watching several YouTube videos about easy money by investing Rs.500 you get Rs.1000 etc.

My sincere request, beware of these kinds of apps that run with various names, various Url, various designs, and colors.

I really do not want to name it specifically, but all these apps just pop up and vanish abruptly. They vanish with the huge funds as nobody is really aware of where they operate. The best part is they normally start these services at the beginning of the year . They make good publicity with the help of YouTubers and this makes a common man just try with Rs.500 which he earns initially. You might be tempted to invest more for quick income. And before year-end, they vanish.

This is exactly where these apps make use of the situation to hoard a good amount to their bank account.

I have noticed youngsters or college students mostly invest in these apps (not available in Play store) among the few who join in the beginning earns and others lose.

Most of these apps are run by a group of people who keeps changing the website and keep vanishing. When you try to pay by PAYTM or UPI you normally find the common beneficiary names across apps vanished or new one alike.

Probably if we investigate further I am sure you can get to the root of the person who runs these businesses.

Anyhow, we are not interested in who runs these businesses and who vanishes with the hard-earned money of common people. But my only suggestion is never to get tempted by such a business website for quick money. As few earns and most of them lose it.

Stay away from these apps. If anybody has a similar experience you may comment with more information for awareness sake.