📷 Image: Wikimedia Commons / walter callens
Crime
SD Pay faces fraud allegations as agents use Zoom to lure investors
✍️ Bhaskar English
🗓 17 Sep 2026, 02:32 AM
👁 11
SD Pay has been accused of operating fraudulently, with agents reportedly using Zoom meetings to attract people and an audio clip claiming founder Hiren Shah is out of the country.
The digital payment platform SD Pay is under scrutiny after reports surfaced that its representatives are using Zoom video conferences to entice potential investors. According to the coverage by Bhaskar English, agents allegedly present the service as a lucrative opportunity during these online sessions.
An audio recording circulating on social media claims that the company's founder, Hiren Shah, is currently out of the country, a statement that has raised further doubts about the firm's transparency. The clip has been cited by investigators as part of the evidence suggesting coordinated deceptive practices.
Law enforcement agencies have been alerted to the alleged scheme, and they are reportedly examining the Zoom meetings and the authenticity of the audio. The investigation aims to determine whether SD Pay's operations violate financial regulations and consumer protection laws.
While SD Pay has not issued an official response, the accusations have prompted concerns among investors and regulators alike. The case highlights the growing risk of fraudsters exploiting virtual platforms to reach a wider audience.
Authorities have advised the public to exercise caution when approached through unsolicited online meetings and to verify the credentials of any financial service provider before committing funds.
An audio recording circulating on social media claims that the company's founder, Hiren Shah, is currently out of the country, a statement that has raised further doubts about the firm's transparency. The clip has been cited by investigators as part of the evidence suggesting coordinated deceptive practices.
Law enforcement agencies have been alerted to the alleged scheme, and they are reportedly examining the Zoom meetings and the authenticity of the audio. The investigation aims to determine whether SD Pay's operations violate financial regulations and consumer protection laws.
While SD Pay has not issued an official response, the accusations have prompted concerns among investors and regulators alike. The case highlights the growing risk of fraudsters exploiting virtual platforms to reach a wider audience.
Authorities have advised the public to exercise caution when approached through unsolicited online meetings and to verify the credentials of any financial service provider before committing funds.