“A few weeks ago, someone added me to a Telegram group where they displayed trading P&Ls. Later, they asked me to download their app to make such huge profits, and now they’ve run off with my ₹10 lakh,” one of the victims told our team. So, here’s the question: how to report a Telegram scammer? […]
Every other day, we come across one or another online scam. In just four months of 2024, India lost more than ₹1,750 crores to online fraud. So, why are these scams increasing? Are people becoming careless with their money, or are scammers becoming smarter? The answer is complex. On one hand, scammers use various tactics
Rahul, a keen learner, joined an online stock market course with the hope of becoming a successful and profitable trader. Initially, everything was going well, and he learned a few trading strategies. However, the course provider began giving tips without any SEBI registration or approval. Since the tips were working, Rahul didn’t report it and
With the increase in digitization, the number of digital frauds is rising significantly. In such cases, the only hope victims have is to recover their losses by reporting them to Cyber Crime. But does Cyber Crime refund money? This question is of great concern, and the answer depends on several parameters, such as: These days
Digital fraud has increased in the last few years, and among those scams, Telegram scams in India related to investment are significant. Among the digital scams reported this year, around 62,000 are related to investment fraud alone, which amounts to INR 220 crores. How Scammers Reach Out to Investors? Most of the scammers are successful
With the ease of reaching out to people through different modes, the number of scams and frauds has increased significantly. Scammers reach out through WhatsApp and Telegram, followed by ads on social media platforms like Instagram or Facebook. These advertisements lure beginner and young investors with promises of high returns on minimal investments, often resulting
Trading apps are software applications provided by registered stockbrokers that allow you to trade across different financial segments. However, with the increasing prevalence of technology, scammers have found unique ways to deceive people using fake apps. This raises the concern of distinguishing between real and fake trading apps. There are multiple ways to identify fake
An Initial Public Offering (IPO) is a process through which companies in India list on the stock exchange. Companies must first get approval from SEBI, after which they declare the issue date and finally the listing date on the exchange. Generally, one can apply for an IPO for three days, followed by the allotment and
Tips! Tips! Tips! Even experienced traders and investors can fall into the trap of seeking easy and quick profits. Recently, we came across the case of Madhulika (name changed), who got scammed by a fake advisory company. The company operated on a 50% profit-sharing model and provided tips that initially generated profit but eventually wiped
It is a common myth that scammers generally target people from rural areas with weak educational backgrounds. These days, scammers have expanded their scope and started targeting the educated urban population. Recently, we came across the case of Sharavan (name changed), who is pursuing an MD from one of the colleges in Maharashtra, and ended
On June 27, we received calls from one of the victims, Raman Mandal (name changed,) who lost around ₹50,000 due toa technical glitch in the trading app. Our team took step-by-step initiatives starting from the SEBI Scores portal to file a complaint in Smart ODR and helped the victim in getting more than 50% refund
Everyone wants to earn money, and for that, they explore different options. Housewives, often look for different ways to make passive income, and generally lured by investment options that give them a sense of financial independence. However, scammers are everywhere and often reach out to such people via WhatsApp or Telegram. Some use the names
