Beware of investment scams! Choose the right way!

Scams and frauds are common occurrences when it comes to trading and investments. The much talked about case of Ketan Parekh is a good example to learn about the violation of trading rules and its serious results.

Ketan Parekh is a former stocks broker from Mumbai, who was found guilty of his involvement in the Indian stock market manipulation scam in the year 2008. Claims were such that Parekh allegedly rigged prices of certain chosen securities (referred to as K-10 stocks), using large sums of money borrowed from banks including the Madhavpura Mercantile Co-operative Bank which was his entity. Based on allegations, he was banned from trading in the Indian stock exchanges till 2017.

Parekh was found involved in circular trading throughout the period from and with a variety of companies, including Global Trust Bank (GTB) and Madhavpura Mercantile Cooperative Bank (MMCB) as reported by A 30 member Joint Parliamentary Committee (JPC) investigation.
Parekh was convicted for this and a one-year sentence, coming as a result of a transaction he conducted involving a unit of Canara Bank in 1992.
The Securities and Exchange Board of India further alleged that a variety of companies and other actors were trading on behalf of Parekh. In March 2014 he was convicted by a special CBI court in Mumbai for cheating and sentenced to two years of imprisonment.

With this the ill effects of such a fraudulent can be well estimated. Keeping in mind the safety and security of our traders and to eliminate any potential possibilities of cheating and scam we suggest you the digital currency investment at Bitdroplet using the excellent performing Bitcoin. As we always say, trade smart with Bitbns.