MAJOR SCAMS That RBI & SEBI Are Ignoring!

Summary

In this public awareness video, PR Sund addresses the alarming rise of scams in India, sharing personal experiences and a friend's loss of 3 lakh rupees. He highlights the tactics used by scammers, such as impersonating government agencies and threatening account freezes, and stresses the importance of not picking up calls from unknown numbers. Sund also criticizes the lack of effective measures to combat scams, suggesting immediate account freezing and better government response. He advises viewers to be vigilant, especially on weekends, and to report scams to the appropriate authorities.

Takeaways

• 🚨 Scams are widespread in India, and many people are being cheated, causing significant distress.
• 📧 Be cautious of emails and calls from suspicious sources, especially those claiming to be from government agencies like the Enforcement Directorate using unofficial email domains.
• 🤔 Use common sense to recognize scams, such as noticing when government agencies supposedly use Gmail accounts or demand immediate action via phone calls.
• 📞 Scammers often target people when they're most vulnerable, such as early morning, during weekends, or when they're sleepy, to exploit their reduced alertness.
• ⚠️ Avoid sharing personal information or transferring money when receiving suspicious calls claiming to be from banks, telecom departments, or government agencies.
• 💰 A friend of the speaker lost his entire life savings (3 lakh rupees) to a scam, highlighting the devastating financial impact these scams can have.
• 🆘 There's a need for a more effective, accessible hotline to report scams quickly before the perpetrators can withdraw the stolen money.
• 🔒 The government should implement measures to freeze all bank accounts linked to a scammer's PAN or Aadhaar number immediately to prevent further fraud.
• 📱 Scammers are increasingly sophisticated, using technology to impersonate well-known figures like PR Sundar and trick people into transferring large sums of money.
• 👨‍⚖️ The speaker urges the government to take stronger actions against scammers and provide better protection and remedies for victims of fraud.

Q & A

What is the main topic of the video?

The main topic of the video is raising awareness about the prevalence of scams in India and providing advice on how to avoid falling victim to them.

Why is the speaker unhappy at the beginning of the video?

The speaker is unhappy because many people have been cheated, including one of his friends who was scammed two days prior to the video.

What was the scam attempt involving the Enforcement Directorate that the speaker experienced?

The scam involved an email and messages claiming that the speaker had a case with the Enforcement Directorate, using their logo and profile picture, and threatening to freeze his properties and bank accounts.

Why did the speaker find the scam attempt with the Enforcement Directorate suspicious?

The speaker found it suspicious because the email came from a Gmail address, which is not typical for official government communications, and the scammer's claim that the Enforcement Directorate had shifted to the US was implausible.

What is the speaker's advice regarding calls from unknown numbers?

The speaker advises not to pick up calls from unknown numbers and to send a message or WhatsApp instead to verify the caller's identity.

Why does the speaker suggest being extra cautious on Saturdays and Sundays?

The speaker suggests being extra cautious on weekends because scammers often target people during these days when they are more likely to be relaxed and less likely to seek immediate help or verification.

What is the speaker's opinion on the effectiveness of government hotlines for reporting scams?

The speaker believes that government hotlines should be more accessible and responsive, as the current system often fails to act quickly enough to prevent scammers from withdrawing the stolen money.

What is the speaker's view on the role of the Telecom Department in scam calls?

The speaker is critical of the Telecom Department, suggesting that it should do more to block scam calls and questioning how scammers are able to use so many different numbers to make their calls.

What was the outcome for the friend who lost 3 lakh rupees in a scam?

The friend lost his entire life savings, and despite attempts to report the scam and block the scammer's account, the money could not be recovered in time.

What is the speaker's suggestion for individuals to safeguard themselves from scams?

The speaker suggests that individuals should not pick up calls from unknown numbers, be cautious on weekends, and not respond to threats or demands for personal information or money without verifying the caller's identity.

Outlines

00:00

🚨 Scam Awareness and Personal Experiences

PR Sund introduces a public awareness video discussing the prevalence of scams in India. He shares his frustration and personal experience with scams, including a recent incident where his friend was defrauded. He highlights the tactics used by scammers, such as impersonating government agencies, and the importance of not responding to unsolicited calls or emails. Sund emphasizes the need for vigilance and common sense to avoid falling victim to scams.

05:01

📞 Scam Tactics and Their Timing

The speaker elaborates on the tactics used by scammers, who often target senior citizens or call at odd hours when people are less alert. He recounts a specific scam involving a fake drug consignment and the emotional toll it took on his friend who lost a significant amount of money. The paragraph also touches on the challenges faced when trying to report scams, including unresponsive helplines and the scammers' ability to quickly move funds.

10:02

🏦 The Impact of Scams and Calls for Action

PR Sund discusses the broader implications of scams, including the financial and emotional impact on victims. He suggests that the government should provide support to those who have been scammed, such as temporarily exempting them from income tax. He also calls for immediate action from authorities upon reports of scams, including the freezing of suspect accounts and the blocking of scammer phone numbers. Sund expresses his anger and frustration with the current state of scam prevention and the need for a more effective system.

15:03

⚠️ Safety Tips and Final Thoughts

In the final paragraph, PR Sund offers practical advice on how to avoid scams, such as not answering calls from unknown numbers and being cautious during weekends. He stresses the importance of government agencies sending official notices rather than making unsolicited calls. Sund concludes by urging viewers to share the video to raise awareness and protect others from scams, reflecting on the emotional distress caused by scams and the need for collective action.

Keywords

💡Scams

Scams refer to fraudulent schemes designed to deceive individuals into giving away personal information, money, or other valuable assets. In the video, the speaker discusses various types of scams prevalent in India, such as fake calls from government agencies and impersonation scams, highlighting the urgency and severity of the issue. The speaker's friend was scammed out of a significant amount of money, illustrating the real-life impact of these fraudulent activities.

💡Enforcement Directorate

The Enforcement Directorate is a law enforcement agency in India responsible for enforcing economic laws and fighting financial crime. In the script, the speaker mentions receiving a scam call impersonating this agency, using their logo and official-sounding language to deceive. This example underscores how scammers exploit the credibility of such institutions to dupe unsuspecting individuals.

💡Fraud

Fraud involves the use of deceit, lies, or other unfair practices to gain an advantage, often at the expense of others. The video script describes how the speaker was accused of being a 'fraud' by the scammers themselves, a common tactic to intimidate and confuse victims. The term is central to the video's theme, as it encapsulates the essence of the criminal acts being discussed.

💡Victim

A victim is an individual who suffers harm, injury, or loss as a result of a crime or other unfortunate event. The video emphasizes the plight of scam victims, such as the speaker's friend who lost his life savings. The term is crucial as it humanizes the abstract concept of scams, making the issue more relatable and urgent for the audience.

💡Technology

Technology, in this context, refers to the tools and systems used by scammers to execute their schemes. The speaker mentions how advanced technology has made it easier for scammers to operate, such as using automated calls and impersonating official numbers. This keyword highlights the modern challenges faced in combating scams and the need for technological solutions to counter them.

💡Impersonation

Impersonation is the act of pretending to be someone else, often with the intent to deceive. The video script includes instances where scammers impersonate well-known figures, like the speaker himself, to gain trust and extract money from victims. This keyword is significant as it illustrates the manipulative tactics used by scammers and the importance of verifying the identity of those contacting us.

💡Awareness

Awareness, in the context of the video, refers to the knowledge and understanding of the various types of scams and how to protect oneself from them. The speaker emphasizes the importance of public awareness as a key defense against scams, urging viewers to be vigilant and informed to avoid falling victim to such schemes.

💡Prevention

Prevention in the video script pertains to the measures individuals can take to avoid becoming victims of scams. The speaker provides tips on how to safeguard oneself, such as not picking up calls from unknown numbers and being cautious during weekends when scam calls are more frequent. This keyword is central to the video's message, as it offers practical advice to viewers on how to stay safe.

💡Account Freeze

Account freeze refers to the act of suspending access to a bank account, typically to prevent unauthorized transactions or as part of an investigation. The speaker suggests that authorities should have the ability to immediately freeze accounts associated with scam reports to prevent scammers from withdrawing stolen funds. This keyword is significant as it represents a potential solution to the problem of scam-related financial losses.

💡Helpline Number

A helpline number is a telephone number provided by authorities or organizations for individuals to report emergencies or seek assistance. The video script mentions the inadequacy of helpline numbers in addressing scam-related issues promptly. This keyword highlights the need for efficient and accessible support systems for scam victims.

💡Income Tax

Income tax in the video refers to the tax levied by the government on an individual's or entity's income. The speaker suggests that victims of scams, who have lost money, should be exempt from income tax until they recover their losses. This keyword is relevant as it touches upon the broader implications of scams on individuals' financial stability and the role of government policies in mitigating the impact.

Highlights

Introduction of a public awareness video by PR Sund addressing scams in India.

Personal experience of a friend being scammed, highlighting the severity of the issue.

Description of a scam involving a fake call from the Enforcement Directorate.

Misuse of official logos and profiles by scammers to appear legitimate.

The importance of recognizing that government agencies communicate through official channels, not personal calls.

Humorous anecdote about scammers claiming the Enforcement Directorate has moved to the US.

Advice on how to handle scam calls and the importance of not engaging with unknown numbers.

Discussion on the increase in scam calls and the advanced technology used by scammers.

Example of a scam involving a fake call from the Telecom Department threatening to cut services.

The strategy used by scammers to target people when they are most vulnerable, like early mornings or holidays.

A case where a friend lost a significant amount of money to a scam involving drug accusations.

Critique of the effectiveness of helpline numbers and the response time of law enforcement to scam reports.

Suggestion that the government should have a more accessible and immediate system to handle scam reports.

Proposal that the Telecom Department should block numbers reported for scam calls.

Personal experience of being impersonated by scammers using PR Sund's photo and video.

A large-scale scam involving the loss of 29 crores and the use of artificial intelligence.

Recommendations for safeguarding oneself against scams, including not picking up calls from unknown numbers.

Final thoughts on the need for collective action to combat scams and the importance of personal vigilance.

Transcripts

hi this is PR Sund welcome to this

special episode so this is a uh public

awareness video and there are many

people have been cheated and I'm very

very unhappy just uh two days before one

of my friends was cheated

royally so I'm going to talk about that

now there are so many scams going around

in India and I tell you one day I was

sleeping on Sunday my wife woke me up

and I said you know please allow me to

sleep for another half an hour she said

no what are you doing you are sleeping

and now people say you know in 1 hour

all your properties will be frozen right

all your bank account will be frozen you

know I said okay what is it and you know

email was sent to my mail ID and some

messages were sent to my secretary's

number okay and they said that you know

I have a case case with uh enforcement

directorate and believe me they use the

enforcement directorate logo even their

profile picture is Ed right and then you

know I saw the mail the mail actually

you know it came from some lady name at

gmail.com you know how Ed will use the

gmail.com right and everybody in the

government office or private

organizations they use their own mail ID

right so moreover any government

agencies they have the upper hand you

know they will send a notice to you they

will ask you to go to their office

nobody will call you over the phone you

know and they say then you know uh your

property will be frozen or your bank

account will be frozen you know I think

I posted in Twitter also I started you

know the funny thing is that you know

when my secretary said you know uh you

know he's sleeping then as soon as he

woke up he must call this number you

know that number happened to be a us

number right in the mail they said no

recently enforcement directorate has

been shifted to us how enforcement

director in directorate in India can be

shifted to us right they are all very

funny things

you have a common sense you know you

know you will know that all these are

scam so I said you know okay I just

replied just for fun okay poor

government of India okay they cannot

even afford a email ID for you they're

asking you to use a Gmail ID right and

then you know why the government of

India does not have a land in India they

are asking the enforcement director to

shift to us then they started abusing me

you know they say you are a fraud okay

yeah I'm a fraud that's why enforcement

director is there to take care of me

right why they call me fraud you know

they were not happy you know they

started using uh you know all kinds of

vulgar languages this and that I said

you know I know that you are a scamster

right then they asked me no by tomorrow

you don't come and report to enforcement

director at office in Mumbai okay all

your you will be arrested and then they

gave the address okay I posted that

address in Twitter you know somebody

actually took the photograph of that

building that there was no Ed office

there you know so you know people you

know scams are going you know yeah like

about 6 months before once in a month we

get these scams calls but now believe me

every day I'm getting four or five calls

and the technology is so Advanced you

know earlier at least they have to pay

some salary to some people to call but

nowadays you know the technology you

know phone call is coming you take it

you say uh this is a notification from

RBI you have done something wrong

because of that you know RBI within 2

hours all your bank account will be

closed and you want to get more details

press 9 okay then I press n somebody

took the phone ask me what is what is

your name I said why should I tell my

name you only call me right you call me

then you should know my name right then

they cut the call the moment you are

scared and they'll say that you know

okay you transfer so much money to this

bank account and then you know there

will be no case against you and then

another call nowadays coming you know

this is a message from Telecom

Department within 2 hours your you know

call will be cut and your subscription

will be cut you have to call this number

and what funny thing you know most of

these camsters I tell you they call you

either Sunday um morning early morning

because most of the people you know will

be in a sleepy mode or if they target

the senior citizens they will call

around 2 p.m. in Saturday or Sunday you

know because like senior citizens you

know so they will tend to sleep in the

afternoon so you know your brain may not

be working very well so sleepy mode and

they use the

opportunity right and then they call

this and that you know your bank account

will be closed if you don't update okay

and then they'll say no debit card

number what is your PIN right you know

the scams are getting out of control and

another scam going on you know people

call we are calling from this Courier

agency there's one parcel has come from

to you from South Africa or Uganda okay

when we scanned it there's a drug so we

suspect you that you have a drug notics

Buu will be coming and arresting you you

know you don't want to get arrested okay

we are going to inform the narcotics Buu

you don't want us to inform that you

transfer so much money and 2 days before

uh one of my friends got this call and

then he has actually transferred 3 lakh

rupees and let me tell you that 3 lakh

Rupees is entire life saving right and

then this is

gone and then you know by the time he

called me he told me you know I told

immediately no no this is scam okay so

then we

activated right and I called I told him

to call the you know helpline number

okay unfortunately the helpline number

did not work now if a helpline number is

not working for 3 hours the guy who

cheated okay do you think that he will

keep the money in bank and immediately

will withdraw the cash right and then

you know then you know because I know

some uh top level police officers I call

them you know this call number is not

working so they tried their best you

know so by the time we would get make a

complaint four 5 hours gone already if

four 5 hours gone it's too

late then you know the next day they

were asked to come to the police station

then they said now today Sunday then you

come tomorrow morning to file a

complaint you know and all these things

you know it's too late right now there

are many questions come to our mind as a

common man right you go to the bank they

ask you to sign fard declaration they

ask you to link your your other number

to your bank account right even you go

to income tax portal how many bank

account you have how much money you have

in all the bank account everything is

reflected there now when I was talking

to a police officer he told me sir the

probability of recovering that money is

very low at best what they can do they

can freeze that account but you freeze

that account they will go and open

another account and they will start

doing the scam again so my question is

that you know number one there must be a

hotline you know which is accessible to

the people because by the time a person

knows that he's been scammed that is

already too late and after that he calls

you know a number if that is not

accessible you know the time is too late

and then not only that as soon as the

call center receives that number they

must have the ability to freeze the

account immediately you know like

immediately freeze account and then we

will see investigate what is true or not

otherwise you know those people will be

with the right the cash and then if a

case has been filed you know not only

that account should be frozen okay all

the accounts under that name okay link

to the other same other or same pen

number because every bank account you

have to give a pen number okay if that

guy is having 56 bank account and all

the banks account has to be

Frozen all right and I really don't know

even the Telecom Department okay if a

scam call coming to me if if I you know

there must be a number where I can

report I received the spam call from

this okay scam call for this number then

then the Telecom Department must block

that number and Telecom department is

helping them with so much of Technology

one nuisance you know I every day get

one call you know I gra something like

that it starts okay I block it I block

one number same call is coming from next

day from another number I block it every

day I'm getting one call every day I'm

blocking everyday new call is coming now

how can Telecom Department can cooperate

with the scamsters like this how can

they get so many things if you are

getting a call from some number if you

block it that's it okay I don't think

that they will be having so many mobile

numbers do you think they have 400 500

numbers how they are doing and all these

things are you know very very funny

thing now the funny thing is that one of

my friends who lost three lakh rupees

right

and he has to make 4 lakh Rupees to

recover this three lakh because you know

he has to make four lakh then only pay

one lakh tax to the government then he

can recover this three lakhs at least

the government of India should do

something if somebody is being scammed

he lost the money okay at least until he

recovers that money at least the income

tax should not be charged for him and

believe me one guy used artificial

intelligence used my photo my

video okay and scammed one guy 29 9 cres

it's not one rupe or 2 rupee it is a 29

crores one person in Chennai lost 29 CR

but he was thinking that he has paid the

29 CR to me and see these camsters how

advanced their

people okay you keep transferring money

to them they say that they are buying

and selling shares okay it's not they

are buying and selling share they're

saying P Sund is buying and selling

share okay the people who follow me very

closely

they know very well that I'm not a good

person in uh stock market I only do

trading I only do trading in options I'm

not a good investor also but people are

thinking that you know PR Sund is buying

and selling share they give the some app

in that app you know keep on showing the

profit this guy gave 29 CR and the The

Profit went on increasing increasing

increasing it went up to 185 CR so

because he saw 185 CR profit he wanted

to withdraw 5 CR and that time you know

he contacted the some person they said

you know you have to our commission 16

CR you have to transfer and then only

you can withraw that is when he realized

that it is a

scam okay now I tell you my personal

experience how many scams I came across

somebody called me from enforcement

directorate that is a scam somebody said

you know the drug Consignment has come

you know they are getting Commission

you know that was second one this is

where my friend lost 3 lakh rupes 2 days

before we are going to all over the

places in Police Department okay in fact

we know people in police department but

still no use then people say your telom

services will be dropped then they say

I'm calling from RBI you know that one

all right and the most important stock

market is the place where the huge

number of scams okay I'm PR Sund calling

you you give me money I will manage you

manage your money I can make more profit

okay I think this impersonation is a

really a nuisance if somebody Scot they

must be punished

heavily how can they use my photograph

my video you know it's not only mine I

think they're using

everybody's but the most impersonated

person in India maybe PR Sun but there

is nothing to be happy about it my

request to the government is that you

know they have to have a you know system

in place so that action can be taken

immediately you know as soon as somebody

is being scammed immediately that

account should be frozen uh you know

those people must be brought to the

Justice you know and they know just only

to which account you transfer the money

only that account is Frozen is of no use

everything under there pan number or

other number has to be blocked okay

income tax department also should

consider some something for these

people but all these are our wish list

okay I don't think that those things can

happen but what you can do you can

Safeguard yourself nobody is going to

save you so how to safeguard yourself

I'll give you some tips okay number one

if you are a normal man you know any

call from unknown number don't pick up

the call sometimes you know in our

business we cannot do that you know

because like our potential customers is

calling right so how we can cut all the

calls but most of the people you know

they don't belong to this category you

must be working somewhere you know if

any new number is coming you don't pick

up the call okay and send a message or

send a WhatsApp okay uh this is a new

number okay why do you want to talk to

me so if this scamsters usually they

don't respond

uh that's one thing so one one agenda

you know if they give the reply then you

know at least you know you have a record

of that so to give a police

complaint and second thing you be very

very careful you know during Saturday

and Sunday why these people do on

Saturday and Sunday because the

probability of you know you are going to

the police or getting the those things

you know uh it's very very less because

it's a holiday right I was talking to

one of my friends who is working in

government uh Sund I don't know how

these stupid people you know they

believe all these things you know we in

government we don't work from Monday to

Friday where are we going to work on

Saturday and Sunday right don't pick up

the call from unknown numbers right

anybody say anything let me tell you

very very clearly no government agencies

will call you over the phone they will

send the notice to you they will send

you the showcas notice to you right they

will because you see the people income

tax or Ed or any other division they are

the upper hand right they can call you

to their

office right once you have not done

anything wrong why should you worry if

somebody say the drug has come in in

your name why should you worry right so

you say okay the case you know send me

the notice or send me the mail send me

the mail from official mail ID not

gmail.com right so uh please be safe

this a scam is getting out of control

okay and now like I'm getting so angry

you know and now this is becoming a scam

India right we are not against any

government we are not against any

political party okay but everybody

should work together and to do something

and this is just really getting out of

control is a nuisance every day I'm

getting four or five calls so why should

I if RBA wants to talk to me they can

send the notice to me directly they can

send a mail to me directly right so

please be safe you know a small mistake

one of my friends he lost his entire

life savings is going to be a suffering

for a long time right a small mistake

can cost you very much so this is the

technology you know better switch off

your phone on Saturdays and Sundays

right that's the best thing you can do

you spend time with your family so so

anyway uh I'm really very angry you know

it has happened to one of my friends

know I'm also not able to help although

I'm trying my best you know the

probability of recovering that money is

very very low if you have enjoyed this

video please share with your friends and

tell them to be very very safe hope you

enjoyed watching this video thank you

for watching