Reported By: Mansi H.Garach
Contact information:
LexaTrade Mumbai
I had started trading with good hopes with Lexa Trade in 2020-21, wherein was
promised certain things which were not fulfilled from the company. I invested
around 5250$ which got wiped off in seconds due to mistake of my assigned manager
Mr Ankit Jain, Shivam Bharadwaj, Christine Aubert. I was forced to invest with
fake promises , over and above continuously i was asked to invest with fake
promises , I think if you are appointed as a manager you should think and provide
a trade to your clients if you do not have that sense you are not qualified to be
a manager to guide some one.I was also told that bcoz of you there was a loss to
the company which we need to recover but the same is other way around. After the
said issue I followed up with emails to my manager, Christine and shivam Bharadwaj
but was unaware of the said email so just when I came to know about the said email
I am contacting you with sureity of recovering my money.I emailed on dispute@lexatrade several times but no response.I was also told that insurance is expired but firstly i was not provided any insurance.
I just expect recovery of my 5250$ at the earliest which was my very hard earned money.
I hope i vl get some POSITIVE response from your side regarding recovery of my
money. I do not expect any vague answers from your side other than when the company is depositing my money back . I believe i was a part offraud.
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It all began in May 2021, when the man who apparently called from a London number and identified himself as Swapnil Raj Kumar. Kumar convinced the me to invest $250 on a trading website called Lexatrade, which looked “authentic” and “professional” with a London address. After opening a trading account and depositing the initial sum $250 asked of me, was contacted by a woman, who spoke in Hindi and identified herself as Pooja Khurana.
“Pooja said she worked at Lexatrade’s India department that hired mostly Hindi-speaking employees. She said she would guide me in Forex trading through the website. Between July and August, Pooja held lessons over Skype and convinced to me transfer another $2,000. At the time, it appeared that the investments were yielding results — I made about $1,000 in profits (around Rs 82 Thousand as per the current conversion rate) that he was able to withdraw.
But Cant do because as per company policy when fund more than $5000 than its happened . I not shown any interest few months . one day mr Camaron willsion called me ur fund goes on profit I checked in website its shown fund increase 2 times. After that in invest some more. Than come to pooja Gahlot in picture with VIP expert she give me tips and earn profitable deals in oil and gold .
It didn’t take long for the accused to bait the to become a VIP client after an investment of $10,000. This investment, would be matched with a similar amount as “bonus” from the company. l agreed and was assigned a “VIP expert” – Karan Sani – by 1 march 2023.From here on, things took a turn for the worse.
“As I was out for a conference, Pinki was asked to act on suggested options in my best interest. Lexatrade then added $10,000 as bonus with a demand that I deposit $10,000 (Rs 8.3 lakh in current conversion rate) as matching investment within the same month. When I refused, one person named Arman Singhaniya Head of Account department contacted me and threatened me that I will lose all my investment if I didn’t invest the amount… eventually, I transferred some fund from my Credit card the 5 lacs by April,”
Transactions made with the help of Karan Sani went into loss-making deals, the I was pushed to safeguard himself from market tides with an insurance of $10,000. Karan Sani – who was given the right in good faith to handle the my account in profitable and say that ur whole transactions was save.
Subsequently, Karan Sani allegedly talked him into investing in a less volatile trading platform and shift to Meta4 for long-period deals. “Even on Meta4, my capital was eroded due to losing deals that were ordered without my explicit consent by Karan Sani. Then another person came into the picture — Alex Jacob, who claimed he was a Lexatrade legal adviser – in April. He said I could get exemptions from Meta4 commissions if I paid $5,000 as and promise an assured amount of $20,000 that can be withdrawn without any conditions… I did so in the anticipation of getting back my principal capital investment Back on Lexatrade, my account kept rising, displaying $38,402 by April 2023. But attempts to transfer this money to his bank account weren’t working out. Again Karan Sani give wrong deals and account shown out from platform.
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“In April 2023, I found on the Lexatrade portal that all my investments were zero. I got in touch with, Karan Sani & Mr Swapnil Through Skype who assured me the money is safe and I will get it when I deposit the $5,000 to the bank,” he said. I Have “no alternatives” and took a loan of Rs 5.0 lakh from my friends and family to pay this amount. “I deposited $5,170 (Rs 4.23 lakh) on 28 April. After this, all of the people who were in touch with me disappeared and my trading balance on the website remained at zero,” please FIR registered against Mr Swapnil, & Karan Sani , Pinnki Ganlot, Camaron willsion and Arman Singhaniya Head of Account department under IPC sections 420 (cheating) and 419 (whoever cheats by personation), My total investment in this website near about$ 39532.30 x 83.00= Rs. 32,81,180.90