BlackRock Scam Explained: How a Telecom Giant Fell for a Phishing & Investment Fraud
Who is BlackRock? BlackRock is a renowned global firm with major operations in New York and London. While it is often associated with finance, in this context we refer to BlackRock’s telecommunication partnerships and its global influence—similar to what Airtel holds in India. However, unlike Airtel, BlackRock recently became a victim of a massive investment and phishing scam. Phishing and Investment Scam: What Happened? According to reports, Indian-origin telecom executive Bankim Brahmbhatt has been linked to an alleged multi-million-dollar fraud involving BlackRock. Here’s how the scam is believed to have unfolded: Brahmbhatt reportedly approached BlackRock claiming he had substantial investments from companies that were mutually associated with the firm. By building trust and maintaining regular communication with BlackRock, he managed to secure a loan of nearly $500 million . To support the claim, spoofed emails were allegedly sent to BlackRock from addresses mimicking o...