360 ONE Asset Management (Fake App Impersonation Scam)

Overview

The name “360 ONE Asset Management” was fraudulently used by scammers who created fake investment apps and WhatsApp groups claiming to represent a SEBI-registered advisory. Victims were lured in through YouTube and allowed to make small, seemingly successful withdrawals—only to be blocked once larger amounts were deposited. This highly sophisticated scam mimicked professional financial services to build trust.

Scam Details

• Type of Scam: Investment App Fraud & Impersonation
  
  
• Fake Identity Used: 360 ONE Asset Management
  
  
• Channels Used: YouTube, WhatsApp, Fake Mobile Apps
  
  
• Modus Operandi:
  
  
  • Users were added to WhatsApp groups led by fake “advisors.”
    
    
  • A bogus app was used to show fake returns and allow micro-withdrawals.
    
    
  • Victims were told they had to “upgrade” to unlock full withdrawals.
    
    
  • After the final deposit, all access was revoked.
    
    

Victim Reports

• Some investors believed they were working with SEBI-accredited professionals.
  
  
• One victim reported transferring funds after seeing a balance of ₹3 lakh in the fake app.
  
  
• No funds were recoverable once the scammers vanished from all communication.
  
  

Key Red Flags

Takeaway

Scams leveraging fake financial apps and regulatory impersonation are on the rise. Always verify directly through official websites (e.g., SEBI’s list of registered advisors) and never trust links or dashboards shared via WhatsApp or YouTube.