Zerodha's CEO and Founder, Nithin Kamath, warned people about a scam where someone acted as a Zerodha employee and defrauded crores for a client. The fraudster approached a customer and promised him to unreveal the reward waiting. The Founder wrote in his post “He tells our customer that if he transfers Rs 1.8 lakh as a registration fee, he will get back Rs 5 crore. He showed fake Zerodha bank statements with an account balance of Rs 10 crore across two banks to prove he had access to these accounts”.