DNXGROUP91 Investment Scam in India - A New Fraud Mimicking NumGenius AI

What is the dnxgroup91 investment scam in India all about?

The audacity of the scammers to use a terribly similar patterned website mimicking the offers put forward by the NumGenius AI fraud artists would amaze anyone.

Quite unsurprisingly the scammers have taken up the persona of a well-established and reputable group – Malaysia’s Dagang NeXchange Berhad abbreviated as DNeX.

Readers, please note: Dagang NeXchange Berhad or DNeX is a genuine and listed Malaysian company and the fraudsters are using their identity to run the scam in India.

The actual domain of the original company (which has nothing to do with such a scam in India) is https://www.dnex.com.my/

The scammers have taken a domain with a minor change at the end to defraud prospective victims as https://www.dnxgroup91.com/login

image sof NumGenius AI and dnxgroup91 scam websites — Images 1 and 2 from left show the dnxgroup91 investor home page, and the extreme right image shows the NumGenius AI investor page. (Photo supplied)

The scammers are luring customers into the Ponzi scheme saying that they can mine bitcoins on the platform.

“Our mines are distributed in Georgia, North Dakota, New York, Quebec, California, Boden, Sweden, and Levdal, Norway. By July 2023, we have deployed many mines in Europe, the United States, and Asia,” says the scammers in their FAQ section.

Surprisingly, the “mining process,” begins at “00:00 UTC and ends at 23:59:59 UTC.”

How are the victims lured into the scam?

Links to the scam platforms have been circulating on WhatsApp and Telegram channels.

However, the key contributors to the dnxgroup91 investment scam in India are unscrupulous YouTubers who have reviewed the app and branded it as a genuine “money-minting,” platform.

In almost all the reviews that we have investigated, the so-called money-making expert YouTubers have not attempted to address the following critical issues:

1. The registered office of the company

2. The officials or employees who are dealing with the users

3. The legal certifications such as company registration, PAN, GST certificate verification

4. Bank details of the company – which has not been shared anywhere

5. The reason why a company that claims to have been operating since 1970 does not even have a single employee listed online

6. Why does a reputable company not have its apps on the Google Play Store or the App Store?

YouTube snipette in the left shows the video uploaded by the scammers. The image to the right shows the original DNeX compnay page. (Photo supplied)

The actual DNeX company has its verified profiles and employees listed on reputable sites, which indicates that the scammers have been unable to create a fake persona.

The scammers have even attempted to copy the DNeX company by downloading its corporate presentation video and then uploading it into their fake channel.

Based on data available on the original DNeX company site, it does not have an office in India. It has its registered office only in Malaysia.

Based on our investigation, many individuals pose as the promoters of these scams sharing the details with everyone and urging them to join.

The working style and the site layout are like that of NumGenius AI which has defrauded thousands of people in India.

The scheme follows the same pattern as that of NumGenius AI by asking users to recharge their wallets and then use that money to invest in “bitcoin mining.”

FAQ section of the dnxgroup91 scam application page. (Photo supplied)

Surprisingly, this time around, the scammers have not put product names on their schemes. Additionally, the web pages are not well-formed or designed.

Like the other schemes that are running, the scammers are luring people giving them the offer to double their money in around 35 days.

The physical business location of dnxgroup91 investment scam in India or the proper website is not seen anywhere – which strongly hints that this is a scam.

How are dnxgroup91 managing financial transactions in this scam?

Like its predecessor (since the NumGenius AI swindle was the latest one that has been widely reported) the users are given an INR50 (US$0.60) as a joining bonus.

On the day of the preparation of this report, the payments are being routed or handled through https://www.indopay-stc.online/ which as expected does not load to a proper home page.

Telegram channel used to push the details of the services of dnxgroup91. (Photo supplied)

On checking online, we observed that the site URL is a combination of IndoPay an Indian company, and STCPay a Saudi Arabian company which does not have any connection to the frauds.

The domain indopay-stc.online is only around 27 days old.

The payment pages shown are the same as that of NumGenius AI which also hints that the scammers may be possibly connected.

The following are the offers given to the users, which are aimed at luring them into investing in the platform.

The users need to recharge their wallets using the UPI payment system which routes the money to various accounts as follows:

1. setntex@ybl – listed as Manoj

2. m.21589@paytm - listed as Manoj

3. gauravkumar557744@okicici - listed as Manoj

4. Adarsh.k535@paytm – listed as Adarsh Kumar

5. verenterprises@axl – listed as Adarsh Kumar

6. m23795@paytm – listed as Manoj

7. enterpriserk@oksbi – listed as Manoj

The following is the welcome message that users get:

✅Dear Dnex Users Daily New Update Join Our Official Telegram Channel.

🎁EveryDay Free Lifafa 3₹

✅invite 3 Level Commission 10% 3% 2% Invite friends Get Commission .

✅Buy Any Ordinary Product Get 5% Extra Bonus (Contact Customer Service )

✅Withdrawal time 10Am to 5Pm Minimum withdrawal Amount 250rs

👑Vaild Members Vip upgrade Extra Reward 200₹ to 150000₹ 🏆

How long will this scam last?

Reportedly, the site had begun around the same time the NumGenius AI fraud had ended.

To be precise, the scammers began getting people to invest money from Jan. 10 based on the Telegram group.

Some of the so-called self-appointed promoters of the scams have been ranting about the benefits and have been claiming that the schemes would last for 3 to 6 months.

Payment details show on the Paytm App and the website created and run by dnxgroup91 scam. (Photo supplied)

However, based on the various other similar scams that have happened, the scammers stop the operations in around three months and run away with the investors’ money.

There are chances that the scammers would push users to pour in money by showing them highly profitable plans (200 to 500 percent return on investment) and then lock off the accounts stating trumped-up security issues.

The typical operation method is to either hold the money as ransom and ask the investors to pour in more money to release their funds, or to shut down the website and then leave.

Users are advised to not invest at any cost as this is predicted to turn into a scam.

Similarities in the application interfaces of dnxgroup91 and NumGenius AI. (Photo supplied)

What are the red flags of the dnxgroup91 investment scam in India?

Multiple red flags are hinting that the company is a fake persona made online to loot the money of unscrupulous wannabe investors and millionaires.

No office address or location shown anywhere - We have searched the length and breadth of the internet, and no such office address was shown online. It strongly indicates that this group is not a proper company.
An ill–designed website screams like a scam – the poorly designed website has completely disregarded any privacy that the users could expect.
The website is running within a website – this was the same pattern in which NumGenius AI operated and hints strongly that the same team is behind this scam too.
Payment is not made to a company account - The payments are routed to an individual account and not a company account.
No reviews or apps on legal platforms – dnxgroup91 does not have an app on the Google Play Store or the iOS App Store. They are sharing an APK file for the users which needs to be installed by overriding the Android system safety protocols.

The level-up plans for the users of the dnxgroup91 application. (Photo supplied)

How to save yourself from such scams?

Even minor precautions can help save you and your hard-earned money from being lost:

Ask for credentials: Always ask the company for its government credentials such as company registration, and PAN Card, and verify them at the following sites:
Do not rely on online reviews alone: Do not trust the online reviews as many of them would be paid. Try to visit the company offices or reach out to friends and family in the area to check if such an office exists.
Do not pay unknown merchants: Refrain from paying via UPI apps as most scams are centered around the flexibility of paying through it.
Obtain bank details: Get the bank details and make the payment through NEFT / RTGS only to the registered company and not to any random person.
Call your bank: to verify the bank details before sending the money.
Verify if the employee is real or exists: Do not trust the online identity of a so-called company employee. Ask them to come available on a video call to verify, get their employee ID, and verify the same with the company

Snapshots on the top row shows the latest dnxgroup91 scam offers and the bottom row shows the closed off NumGenius AI scam offers. (Photo supplied)

What to do if you have been defrauded?

If you have been swindled and have lost money, then do not panic. The government has created multiple means to raise complaints and get support.

Contact your nearest Police Station and proceed as per their instructions.
Change all your UPI PINs, Banking Passwords, and Credit / Debit Card PINs.
Do not panic or lose hope. There are instances when government agencies have been able to return the scammed money, however, this is exceedingly rare.

If you are going through a tough time, or are having thoughts related to self-harm then do not hesitate to talk to your family and friends, or call any of the following toll-free numbers:

https://icallhelpline.org/

http://www.aasra.info/helpline.html

http://healthcollective.in/suicide-prevention-helplines/

Disclaimer:

All the details shared on this site are as per content collected from victims of the scam and from online sources. The identities of the victims, our personnel, and other sensitive data are managed with the highest privacy and will not be shared without the express written permission of the individuals.

If you have faced a similar fraud / scam or other related issues, then please reach out to us on info@fraudpedia.org