Laxmi Sunrise Bank’s Important Notice Regarding SMC Fraud
24th November 2025, Kathmandu
There has been a serious increase in fraudulent activities conducted across various social media and online platforms, with scammers illicitly using the name SMC App to mislead potential victims.
Laxmi Sunrise SMC Fraud
This urgent notice serves as a critical warning to the general public regarding these sophisticated financial scams.
Understanding the Fraudulent Schemes
The scams typically operate by promising impossibly high returns based on investment or task completion, creating a facade of a legitimate earning opportunity to lure victims into depositing money.
Tiered Investment Traps: Scammers often mislead users with false investment schemes structured in different levels, such as K1, K2, K3, and so forth. To participate and “complete tasks” or access a higher earning tier, users are required to deposit a certain amount of money. Once the deposit is made, the money is often never returned, or the scammer disappears.
Referral and Commission Lures: To quickly expand their pool of victims, the schemes offer attractive bonuses and commissions for referring friends and family. This encourages users to rope in their social network, lending a false sense of legitimacy and trust to the operation.
Withdrawal Fees and Taxes: When users attempt to withdraw their supposed earnings or initial deposit, the scammers introduce a final layer of fraud. They demand that users “recharge accounts” or “pay taxes” to unlock the withdrawal. After this final payment is made, the deposited and “earned” money is invariably not returned, confirming the fraudulent nature of the scheme.
Guidance for Protection and Prevention
Financial institutions and authorities stress the importance of extreme caution when dealing with online earning opportunities that seem too good to be true. Staying alert and taking proactive steps are the best defenses against such scams.
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Do Not Engage: The primary protection is to not fall for such fraudulent advertisements and schemes. Any program promising high, guaranteed returns for simple tasks should be treated with immediate suspicion, as legitimate investments always carry risk.
Verify Application Legitimacy: Before proceeding to download any mobile application, users must always take steps to verify that it is official and legitimate. This involves checking for an official website, regulatory licenses, credible reviews from established sources, and the correct developer name on official app stores (like Google Play Store or Apple App Store).
Safeguard Personal Finances: Remain cautious and protect yourself against financial fraud. Never share sensitive personal or financial information (like bank passwords, OTPs, or debit/credit card details) with unverified sources or platforms. Understand that legitimate financial operations will not ask for upfront fees or “taxes” to release your own funds.
Contact and Institutional Endorsement
This public service announcement is often issued or supported by institutions like Laxmi Sunrise to promote consumer safety and awareness against digital crime.
Institutional Warning: The message emphasizes the need to “Stay aware, stay protected.” The use of the company name in the notice is a proactive measure to disassociate legitimate financial operations from fraudulent schemes that use similar or misleading branding to conduct their illicit activities.
Contact Information: For any further assistance or inquiries related to this notice or any potential scam, individuals can reach out using the provided contact details: Phone: 01-5970684, 4217070 or visit the official website: laxmisunrise.com.
For More: Laxmi Sunrise SMC Fraud
