'Beginning Of Courier Scams....' Zerodha's Nithin Kamath Sounds Alert

Zerodha Founder and CEO, Nithin Kamath recently posted on X raising awareness about courier scams. This scam is one among the many making rounds in today's digital landscape.

Nithin Kamath Raises Awareness About Courier Scams

Taking to X, Kaamth wrote, “ Imagine this: You get an unexpected call from a courier company. The representative tells you that the police have held a parcel of yours because it has drugs and other illegal items. They even disclose some personal details, like your Aadhaar number, etc. Soon, you'll also get calls from police, CBI, etc. This is the beginning of courier scams that have just exploded in recent years. These scams are so realistic that most of us would probably fall for them regardless of how smart we are because they take advantage of our fears. Every day, hundreds of people lose lakhs of their hard-earned money to these scams. Recently, the Zero1 team spoke to an actual scammer and recorded the call to break down and explain how this scam works. Watch it and share it with your friends and family.”

The post also had a video embedded wherein they re-enacted an entire episode of how such scams are undertaken.

“These scammers target people in Tier 1 and Tier II cities.” the video said. “We have created a video with the red flags and the checklist you can share with your family.” the video added. The video also listed three reasons why a victim will pay the scammer the amount asked for.

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