| Address: 302, Supreme Pearl, 17 th Road, Khar West Mumbai – 400052 |
| Website: visionstechnologies.co.in |
Dear Team,
I would like to report a serious case o[censored]nauthorized trading and suspected financial fraud in my demat trading accounts.
I was contacted through a WhatsApp marketing advertisement for an algorithmic trading software service. Their team informed me that they provide automated trading software that generates profits in trading.
Initially, I informed them that I do not have sufficient funds to purchase the software. They assured me that they would first generate profits in my demat account and later the software fees could be paid from the profits.
For the first two days, they executed some manual trades and showed small profits to gain my trust. Later they asked me to pay API connection charges of Rs.1155, stating that their software needs API access to connect with the broker.
After paying the API charges, I was connected with their senior person Riteshkumar (+[protected]. He informed me that the software setup was completed and asked me to pay Rs.12000 as software fees.
Since I did not have the full amount, I informed him that I could pay partially. He agreed and I paid Rs.4000, with the understanding that the remaining amount would be paid later from the profits once the software starts trading.
However, after receiving the payment, the promised software service never started.
Instead, Mr. Vishal (+[protected] told me that he needs my demat account login credentials to connect the trading software with my broker account.
Trusting his explanation, I shared the login details only for the purpose of connecting the trading software. However, instead of connecting the software, Mr. Vishal logged into my demat accounts himself and executed trades manually without my authorization or consent.
These unauthorized trades resulted in heavy financial losses in my accounts.
Loss Details for inquiry:
1. Dhan Demat Account Loss: Rs. 25, 856/- on 14.05.26
Dhan Acc no.[protected]Jaiminiben)
2. Groww Demat Account Loss: Rs. 41, 434/- on 14.05.26
Groww Acc no.[protected]Ghanshyam)
Software Related Payments
API Fees Paid: Rs. 1, 155 on 11.05.26
Software Partial Fees Paid: Rs. 4, 000 on 12.05.26
Total Software Fees Paid: Rs. 5, 155
After two days of losses, another person from their API team Ashish (+[protected] contacted me regarding software/API connection. I informed him that their team member has already caused heavy losses in my demat accounts, and therefore there is no point in connecting the software anymore.
Now Mr. Vishal has stopped responding to my calls and messages since the third day, which clearly indicates fraudulent intent.
Their company website is:
Vision Technologies
1. https://visionstechnologies.co.in
2. https://software.visionstechnologies.in
Despite not being SEBI registered company, they are offering trading services, collecting software/API fees, and accessing client demat accounts, which raises serious concerns regarding illegal financial activities and investor fraud.
For investigation purposes, I have attached the following supporting documents:
• WhatsApp chat screenshots
• Trading history of both demat accounts
• Company website details
• Software/API fee payment receipts
• Contact numbers of the company persons involved:
Vishal – [protected]
Riteshkumar – [protected]
Ashish – [protected]
I kindly request the concerned authorities and brokers to:
• Conduct a strict investigation of this matter
• Check demat account login logs and trading activity
• Verify whether any API was actually connected
• Investigate the company and individuals involved
• Take strict action against the persons responsible
• Help me recover the financial loss caused due to this fraud
“Delayed for this scam report because I realized after reviewing the trades and communication that third-party individuals were involved and the trades were executed under misleading assurances.”
I request you to kindly treat this as a formal complaint o[censored]nauthorized account access and suspected trading fraud and facilitating recovery of losses caused due to fraudulent activity.
Your support in protecting investors from such fraudulent activities will be highly appreciated.
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