Ever received a message promising guaranteed trading profits with zero risk?
Sounds tempting, right?
That’s exactly the trap investors fell into when they trusted Capital Maker, a Telegram-based operation that has left victims with empty pockets and broken promises.
Capital Maker Telegram Channel Review
Capital Maker operates through online communication platforms, primarily Telegram.
They present themselves as professional trading service providers.
Their pitch?
They’ll manage all trading activities on your behalf and share profits with you.
Sounds convenient, doesn’t it? However, there’s a major concern.
We could not find verifiable business registration for this entity.
No publicly available SEBI license information. No regulatory approval details.
This raises serious questions. Any entity managing trades on behalf of clients in India should have proper authorization from SEBI.
How Does Capital Maker Operate?
The operation follows a textbook fraud playbook.
First, they identify targets through online platforms.
Then, they build trust with professional-sounding promises and repeated assurances.
Their Deceptive Process:
- Contact potential victims via Telegram
- Claim to provide professional trading services
- Promise profit-sharing arrangements
- Assure guaranteed returns on investments
- Request fund transfers through UPI
- Show fabricated trading losses
- Refuse to return the principal amount
- Stop responding to calls and messages completely
The pattern is clear: Gain trust, collect money, disappear.
Capital Maker Real Victim’s Experience
According to a complaint filed in December 2024 with us, one investor lost approximately ₹1,40,000 to Capital Maker.
The details are shocking.
1. Background of the Complaint
“I was contacted through online communication platforms, including Telegram, by a person/company using the name “Capital Maker”, who claimed to provide professional trading services.”
They represented that they would manage trading activities on my behalf and assured profits on a profit-sharing basis.
Based on their repeated assurances and representations, I was persuaded to invest money with them for trading purposes.
2. Incident Description
“Relying on their promises, I transferred funds to them through UPI transactions.”
As per my records, an amount of ₹5,150 was transferred on 03-12-2025 and ₹25,750 on 04-12-2025 from my State Bank of India account.
Additionally, over the course of the interaction, I transferred a total amount of approximately ₹1,40,000 to the accused for trading purposes.
“After receiving the funds, the accused showed a trading loss of ₹30,900 and failed to return the remaining invested amount.
No profits were paid to me as promised, nor was my principal amount refunded.
Subsequently, the accused persons began avoiding my calls and messages and stopped responding altogether.”
3. Incident Breakdown
How It Started: The victim was contacted through Telegram by someone using the name “Capital Maker.”
They claimed to provide professional trading services.
Moreover, they assured they would manage all trading activities on the victim’s behalf. The arrangement?
Profits would be shared between them.
The Investment Phase: Based on repeated assurances and representations, the victim was persuaded to invest.
Trusting their promises, money was transferred through UPI transactions from a State Bank of India account.
Transaction Timeline:
- December 3, 2024: ₹5,150 transferred via UPI
- December 4, 2024: ₹25,750 transferred via UPI
- Total Amount Lost: Approximately ₹1,40,000
The Betrayal: After receiving the funds, Capital Maker showed a trading loss of ₹30,900.
However, they failed to return the remaining invested amount. No profits were paid as promised.
The principal amount? Not refunded either.
The Disappearance: Subsequently, the accused persons began avoiding calls and messages.
They stopped responding altogether. Their conduct clearly indicates cheating, misrepresentation, and online financial fraud.
This victim’s experience reveals systematic fraud. Everything was calculated from the start.
Capital Maker Violations Identified
Based on the complaint and Capital Maker’s operations, several potential violations emerge.
If they’re operating without proper licenses, they’re breaking multiple Indian laws.
- Operating Without SEBI Registration
What’s Required: Any entity offering investment advice or trading services in India must register with SEBI.
This is mandatory under SEBI (Investment Advisers) Regulations, 2013.
The Concern: If Capital Maker is operating without SEBI registration, they’re providing investment services illegally.
We could not find any public records of their SEBI registration.
The Violation: Operating as an investment adviser without SEBI registration is illegal and punishable under securities laws.
- Unauthorized Portfolio Management Services
What’s Required: Managing trades on behalf of clients requires a Portfolio Management Services (PMS) license from SEBI.
The Concern: According to the complaint, Capital Maker explicitly stated they would “manage trading activities on behalf” of the investor.
This constitutes portfolio management activity.
If They Don’t have a PMS License, this becomes illegal fund management.
Portfolio management without proper authorization exposes investors to complete fraud risk and is punishable by law.
Why It’s Critical: Portfolio management involves discretionary control over client funds.
Without proper authorization, this is not just unethical, it’s illegal.
- Cheating and Criminal Breach of Trust
Legal Framework: This falls under the Indian Penal Code Section 420 (Cheating).
Under the new Bharatiya Nyaya Sanhita (BNS), it’s covered under Section 318.
The Violation: Based on the complaint, Capital Maker made false representations and repeated assurances.
They promised profit-sharing arrangements. They assured returns on investments. None materialized.
Moreover, they refused to return the principal amount of ₹1,40,000.
Elements of Cheating Present:
- Dishonest inducement to deliver money
- False promises of trading services
- Misrepresentation of trading outcomes
- Intentional fraud with wrongful gain
This violation is confirmed through the victim’s documented experience, regardless of licensing status.
- Potential Money Laundering Concerns
Potential Violation: Collecting funds through UPI without proper business registration raises money laundering concerns.
The Issue: Unaccounted fund collection through personal payment channels.
No financial trail. No business documentation.
These are classic money laundering indicators.
If They’re Operating Without Proper Registration: Collecting ₹1,40,000 through informal channels without business documentation could constitute proceeds of crime under PMLA.
Capital Maker Red Flags
How do you identify such scams before becoming a victim?
The Capital Maker case provides clear warning signs:
- Contact Through Messaging Apps Only
From the Case: “I was contacted through online communication platforms, including Telegram.”
Why It’s Suspicious: Legitimate trading firms have registered offices. They have official websites.
They don’t operate exclusively through Telegram.
- Claims of Managing Trades on Your Behalf
From the Case: “They represented that they would manage trading activities on my behalf.”
Why It’s Dangerous: Managing trades for clients requires a PMS license.
If someone offers this without mentioning SEBI registration, run away.
- Repeated Assurances and Guaranteed Profits
From the Case: “Based on their repeated assurances and representations.”
The Reality: No legitimate trader guarantees profits.
Markets are unpredictable. Anyone promising guaranteed returns is lying.
- Profit-Sharing Arrangements Without Documentation
From the Case: “Assured profits on a profit-sharing basis.”
Why It’s Wrong: Legitimate profit-sharing requires written agreements. Legal documentation.
Clear terms and conditions. Verbal promises mean nothing in law.
- UPI Transfers to Personal Accounts
From the Case: “I transferred funds to them through UPI transactions.”
The Problem: Professional investment firms use proper banking channels.
They have company accounts. They provide payment gateways. Personal UPI transfers? Major red flag.
- No Transaction Documentation or Receipts
From the Case: Money transferred but no proper receipts provided.
Why It Matters: Every financial transaction needs documentation.
Receipts. Agreements. Transaction records. Without these, you have no proof.
How to Report Telegram Scammer?
If you’ve been scammed by Capital Maker or similar operations, act fast.
Quick reporting increases recovery chances.
This is the official government portal for cybercrime complaints.
Your complaint reaches law enforcement directly.
What to Provide:
- Complete transaction details with dates
- Screenshots of Telegram conversations
- Accused’s Telegram username/phone number
Timeline: File within 24-48 hours of realizing fraud.
For unauthorized investment services and illegal portfolio management.
SEBI takes action against unlicensed operators.
What to Report:
- Unauthorized trading services
- Illegal portfolio management
- Operating without SEBI registration
- Fraudulent investment schemes
Evidence Needed: Details of how they offered to manage trades on your behalf.
- Report on Telegram Platform
How to Report:
- Open the Capital Maker chat/channel
- Click on the profile/channel name
- Select “Report”
- Choose “Fraud/Scam”
- Provide details
Why It Matters: Telegram may shut down the fraudulent account. Prevents others from becoming victims.
Need Help?
Facing fraud from Capital Maker or similar Telegram scams? You don’t have to navigate this alone.
How We Can Help You:
1. Complaint Registration Assistance: We’ll help you register complaints across all relevant platforms.
From the cybercrime portal to SEBI to the local police, we guide you through each step, an essential first move toward telegram scam money recovery.
2. Documentation Support: Don’t know what evidence to collect? We’ll provide a complete checklist.
We help you organize your transaction records, chat screenshots, and supporting documents.
3. Legal Guidance: Connect with legal experts who specialize in financial fraud cases.
They understand cyber crimes. They know how to deal with investment scams.
4. FIR Filing Support: Filing an FIR can be intimidating.
We’ll help you draft it correctly. Include all relevant sections. Ensure nothing is missed.
5. Recovery Process Assistance: We guide you through the fund recovery process.
While recovery isn’t guaranteed, proper legal action significantly increases chances.
Register with us today. Every day delayed reduces recovery chances. The sooner you act, the better.
Don’t let fraudsters get away. Fight back with proper legal support.
Conclusion
Based on the complaint filed in December 2024, Capital Maker appears to be operating a systematic fraud scheme through Telegram. The evidence is concerning.
The documented experience shows a clear pattern typical of many telegram scams in India, operating without verifiable credentials, making false promises of guaranteed profits, and claiming to manage trades on behalf of investors, an activity that requires specific regulatory licenses.
In this case, ₹1,40,000 was collected through UPI transfers, fabricated losses of ₹30,900 were shown, and the principal amount was never returned. Communication was avoided entirely after the funds were taken
This isn’t a business failure. It’s deliberate, calculated fraud.
Remember, legitimate investment services operate transparently. They have verifiable registrations.
They provide proper documentation. They use official banking channels. They never promise guaranteed returns.
If you’re facing similar issues, register with us now. Together, we can fight financial fraud and seek justice.
