Financial Literacy 12 | Financial Scams And How To Spot Them by Mr. Kuntal Shah
6.8 هزار بار بازدید -
3 سال پیش
-
The speaker discussed the five
The speaker discussed the five basic elements to identify frauds. He categorized frauds in three major categories such as i) Consumer frauds, ii) Online frauds and iii) Investment frauds. He also shared the attributes for each fraud category such as ticket size, distribution, target audience, sophistication, grievance redressal.
i) Under the consumer fraud category he elaborated on the types of frauds that occur like pyramid schemes, document forgery, unauthorized billing of products, counterfeit products etc. These frauds usually have elements of misleading promotional activity, bogus prizes, employment schemes, bogus charitable institutions, fake door to door salesmen, bogus relationship trust.
ii) Under online frauds, these include phishing, crowd funding, e-skimming, the nigerian scam, hijacked social media, fake reviews, spoof apps, matrimonial app scams, online gaming scams, fake coaching and mentoring, fake bank loans, fake news scams, lottery, cryptocurrency scams, hitman scams, tax scams etc. These frauds usually have elements of sudden emails, redirection to strange URLs, ridiculous offers, unsecure payment gateways etc.
iii) The final type of scam - Investment scams include elements such as frauds that involve a) securities - accounting frauds, pump and dump securities, penny stocks, b) high yield products - chit funds, teak equity, time-share returns, high yielding debt, c) Rare objects - fake gems or art products, synthetic diamonds d) Commodities - fake gold, warehouse receipts, oil and gas exploration etc d) Real estate - disputed property, non-existent approvals, asset sale to multiple parties, half completed projects etc.
The Financial Literacy course will provide a comprehensive view of personal finance and financial investments to the FLAME University Undergraduate students. It will also familiarise the learner with various topics such as capital markets, personal savings, role of borrowing, the accounting language, asset classes – equity, fixed income, real estate, commodities etc., asset diversification, investment options, wealth creation, etc.
Speaker: Mr. Kuntal Shah
Mr. Kuntal Shah is a partner at the Oaklane Capital Management LLP and has an opportunistic inclination towards value-oriented and risk-controlled approach to investments. He has been an extremely successful investor over the past 2 decades and his investing success has come from exploiting the inefficiencies inherent in the markets. In the past he has added value through strategic inputs, networking and competitive intelligence, and board level decision making for the investee companies. He was part of a three member principal team supported by 20 professionals looking after a portfolio of $600 mn across various asset classes for a family office.
Mr. Shah has in-depth understanding of value investing with focus on risk identification and mitigation, emerging trends and opportunities in key growth sectors in India, taxation and accounting. He loves to teach on these subjects and in past has lectured at UTI Institute of Capital Markets, IIM (Ahmedabad), IIT (Mumbai), Symbiosis, FLAME and Chartered Accountants Institute, Mumbai etc. He is an Electronics Engineer from Pune University by education and a successful investor over the past two decades.
#FinancialLiteracy #FinancialScams #KuntalShah
i) Under the consumer fraud category he elaborated on the types of frauds that occur like pyramid schemes, document forgery, unauthorized billing of products, counterfeit products etc. These frauds usually have elements of misleading promotional activity, bogus prizes, employment schemes, bogus charitable institutions, fake door to door salesmen, bogus relationship trust.
ii) Under online frauds, these include phishing, crowd funding, e-skimming, the nigerian scam, hijacked social media, fake reviews, spoof apps, matrimonial app scams, online gaming scams, fake coaching and mentoring, fake bank loans, fake news scams, lottery, cryptocurrency scams, hitman scams, tax scams etc. These frauds usually have elements of sudden emails, redirection to strange URLs, ridiculous offers, unsecure payment gateways etc.
iii) The final type of scam - Investment scams include elements such as frauds that involve a) securities - accounting frauds, pump and dump securities, penny stocks, b) high yield products - chit funds, teak equity, time-share returns, high yielding debt, c) Rare objects - fake gems or art products, synthetic diamonds d) Commodities - fake gold, warehouse receipts, oil and gas exploration etc d) Real estate - disputed property, non-existent approvals, asset sale to multiple parties, half completed projects etc.
The Financial Literacy course will provide a comprehensive view of personal finance and financial investments to the FLAME University Undergraduate students. It will also familiarise the learner with various topics such as capital markets, personal savings, role of borrowing, the accounting language, asset classes – equity, fixed income, real estate, commodities etc., asset diversification, investment options, wealth creation, etc.
Speaker: Mr. Kuntal Shah
Mr. Kuntal Shah is a partner at the Oaklane Capital Management LLP and has an opportunistic inclination towards value-oriented and risk-controlled approach to investments. He has been an extremely successful investor over the past 2 decades and his investing success has come from exploiting the inefficiencies inherent in the markets. In the past he has added value through strategic inputs, networking and competitive intelligence, and board level decision making for the investee companies. He was part of a three member principal team supported by 20 professionals looking after a portfolio of $600 mn across various asset classes for a family office.
Mr. Shah has in-depth understanding of value investing with focus on risk identification and mitigation, emerging trends and opportunities in key growth sectors in India, taxation and accounting. He loves to teach on these subjects and in past has lectured at UTI Institute of Capital Markets, IIM (Ahmedabad), IIT (Mumbai), Symbiosis, FLAME and Chartered Accountants Institute, Mumbai etc. He is an Electronics Engineer from Pune University by education and a successful investor over the past two decades.
#FinancialLiteracy #FinancialScams #KuntalShah
3 سال پیش
در تاریخ 1400/01/20 منتشر شده
است.
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