🧠 THE CLAIM:

It is alleged that BlackRock lost$500 million in a massive fraud orchestrated by an Indian national named Bankim Brahmbhatt, who used forged invoices and then disappeared.

✅ THE VERIFIED TRUTH:

🔍 ❌ FALSE: No Evidence Found

· A comprehensive check of major news archives (Reuters, Bloomberg, AP), regulatory filings, and court records reveals no evidence of this event.

🏱 ❌ FALSE: Contradicts BlackRock's Operations

· BlackRock, as the world's largest asset manager, has a robust, multi-layered due diligence process. A fraud of this scale via simple invoice forgery is not plausible.

đŸ‘€ ❌ FALSE: Fictitious Character

· There is no public record of an individual named "Bankim Brahmbhatt" being involved in a fraud case of this magnitude against BlackRock.

⚖ ✅ TRUE: This is a Hoax

· This story is a piece of financial misinformation. It is designed to go viral by using the name of a prestigious institution and sensational details.

Always verify shocking financial news with trusted, official sources before sharing.

#FactCheck #Finance #Hoax #BlackRock #Misinformation