Full out scam
Full out scam! Almost got tripped up with these vultures but pulled the cord before sending them any funds. Stay away
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Full out scam! Almost got tripped up with these vultures but pulled the cord before sending them any funds. Stay away
⚠️ WARNING: Investment / Trading Scam – Ark Traders / Ark Technologies & Fake MCX Apps
Please be cautious. I am sharing my experience so others do not fall into the same trap.
Modus operandi used by the scammers:
Step 1 – Build trust through small profits
They first offer options trading services. Initially, they show good profits to gain your confidence.
Step 2 – Create losses and divert attention
After some time, they deliberately create heavy losses in options trading.
Then they advise you to open an MCX trading account on a fake app (e.g., Ark Technology – they operate multiple such apps).
Step 3 – Fake recovery and false profits
They show that losses from options trading are suddenly recovered in the fake MCX app, which diverts your attention and creates the illusion of high returns.
Step 4 – Controlled withdrawals to gain trust
You cannot withdraw money directly from the app.
You must message them, and they manually credit small amounts to your bank account to win your trust.
Step 5 – Pressure to invest more
After showing repeated small profits, they pressure you to add a larger amount to earn “big profits”.
Step 6 – Final loss and endless recovery trap
When you ask to stop trading and settle the account, they suddenly show a large loss.
They then claim the company faced a loss and promise recovery — but only if you add more funds.
This cycle continues until the victim gives up.
Additional red flags:
Multiple people are involved:
One person builds trust
Another acts as a senior with “20+ years of experience”
They often claim it is paper trading, but it is not genuine
⚠️ Please be careful. This is a well-planned scam designed to drain your hard-earned money.
If someone contacts you with similar promises or apps, do not invest. I loss 25lac. There location seems to be in MP, UP-India
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