Fake dashboards + illegal leverage = a perfect trap
Green Wall Enterprise pretended to trade your money, but no real trades happened. The profits you saw were fabricated, while your funds were moved to private accounts.
Why It Worked: Monthly Payouts Built Dangerous Trust
First month: ₹50,000 interest payment ✓
Third month: Bigger returns ✓
Ninth month: Everything frozen ✗
No KYC. No paperwork. No protection.
Meet the Masterminds (One’s Still Missing)
Nimit Shah → Architect of the scam (absconding)
Hiren Jadav → Operator (arrested)
iTrade Associates → Agent network spreading the trap
Even Jainam Broking’s name was stolen for credibility.
Nine months of smooth profits — one day of total shutdown
On 14 August 2025, all trading terminals went offline, agents vanished, and investors lost access to their money. The entire network disappeared overnight.
The warning signs were always there
No KYC, no contract notes, random UPI payments, guaranteed returns, illegal leverage, and trading through someone else’s account — all classic scam signals.
SEBI & Police Are Cracking Down (But It’s Too Late for Victims)
SEBI is now requiring MAC/IP tracking for all prop terminals. Police are hunting the masterminds across multiple states. But for ₹150 crore in lost funds? Recovery chances are slim.