Still Falling for BotBro’s 60% Annual Forex Returns? Wake Up Before It Gets Too Late!

BotBro, a forex broker run by Nawab Ali Aka Lavish Chaudhary, made an instant impact on investors. It lured investors into a guaranteed monthly return of 5% to 15%. Annually, it turns out to be 60%-180%. Bizarre, isnt it?

Whats more, the AI-based forex trading platform lured investors with incentives if they refer more customers. Investors referred more, helping BotBro earn more. Life was all easy and rocking for the company founder. It was all FAKE as found on the ED investigation on the back of massive investor complaints.

So, if you are interested in tall returns, hang back and save your hard-earned money from going to fraud systems such as BotBro.

Lavish Chaudhary is Hiding and Promising Property to Investors in Dubai

Recently, a video came where Lavish Chaudhary urged investors to come to Dubai where he will allot them land by signing a Special Power of Attorney (SPA) for them. As per the arrangement, investors can do anything with the land. It's another attempt to foul investors. Dont fall prey to it. Lavish can be imprisoned anytime for his financial crime.

How Did Lavish Plan His Black Money Game?

He had a lot of plans and executed them perfectly. Read further to know how he executed them.

Social Media Influencers, Financial Experts Were in All Awe of BotBro

Seeing the investor rush, the company‘s founder roped in social media influencers and financial experts to promote the platform and the massive amount people can make through it. Whether it’s YouTube, Instagram or any other platforms, these influencers and experts hyped BotBro through aggressive promotions. It led to massive public appeal, resulting in increased investments. BotBro even promised investors that they would receive SUVs, luxury trips, and elite investor status. It made them invest more.

But Did Social Media Influencers Know BotBro‘s Evil Intention?

It can’t be said with certainty. But it was certain that they didnt have any financial background. So, making tall return promises on behalf of BotBro does make them guilty. They were paid a hefty sum for aggressive promotions.

What Further Prompted Investors to Trust BotBro?

• Luxurious Offices
• interactive Websites
• Smart Trading Platforms

What Did BotBro Do With Investors‘ Money?

Like most scammers do, BotBro used investors’ money to create shell or dummy companies. Gradually, they started defaulting on the promises, trapping investors and their money.

How Did BotBro‘s Black Money Game End?

As the new investor count started dropping because of the payment default, FIRs were getting registered against BotBro. The Enforcement Directorate took cognizance of the FIRs and cracked down on BotBro by carrying out multiple raids at its offices across Noida, Delhi, Shamli and Rohtak. The raid exposed the shell companies that ran through investors’ money. They were used for money laundering activities.

A Humongous 170 Crore is Now in EDs Custody

The ED has attached assets worth INR 170 crore. It identified and froze 30 bank accounts. It also seized INR 90 lakh cash during the raids.

Investors Have Never Received Guaranteed Returns from Forex, Let Alone 60% Annual Earnings

Remember, the forex market does not offer guaranteed returns no matter the promises the trading platform may offer. Prices fluctuate every second, minute and hour of the day. Yes, returns remain substantial if you stay invested for the long term using smart forex trading strategies. However, even with that, an annual return of 60% may not be possible. Expect a maximum of 20% to be realistic. Even with that, you can earn a massive amount over time. The power of compounding takes effect.

Trade with Registered & Authorized Brokers to Feel at Home

Trade with only those brokers who are registered by the Securities and Exchange Board of India (SEBI). Also, examine whether the Reserve Bank of India (RBI) has permitted them for forex trading. Reputed brokers will always have the SEBI registration on their official website. The RBI maintains a list of authorized and unauthorized forex brokers on its website. You can also visit WikiFx, a global forex broker inquiry app, where you can get all the information about brokers. Be it regulation, licensing, business, trading platforms, or rating.