Investors Lose $10 Mn In Stockal Scam As 'Apple, Nvidia Shares Swapped'; Heist Decoded | Vantage
Nearly 30 Indian investors have allegedly lost over ₹100 crore after their US stock portfolios were liquidated without their consent. According to a Moneycontrol report, shares of major companies like Apple, NVIDIA, Tesla and Amazon were allegedly sold, with the proceeds used to buy millions of shares of obscure Chinese firm Zhibao Technology. The alleged transactions have triggered a dispute between Bengaluru-based fintech platform Stockal and its US brokerage partner DriveWealth. Who is responsible, how did the alleged transactions unfold, and what protection do Indian investors have when investing overseas?---
Stockal Scam | Stockal Investors | $10 Million Scam | Apple Shares | Nvidia Shares | Zhibao Technology | Indian Investors | Firstpost | Hem Saroya | Vantage
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