In the world of online finance and stock trading, many people turn to so-called “experts” for guidance. But what happens when the expert turns out to be a scammer?
This is the case of how a YouTuber named Aryan, who presented himself as a stock market guru, lured unsuspecting investors into his web of fraud, leading to devastating financial losses and emotional trauma.
The worst part is the scammer has been running his business since 2015 and is still doing trading scams with thousands of people. But almost every victim remains silent to avoid getting into more trouble.
However, one of the victims, Prakash (name changed) who not only faced financial loss but also legal harassment reached out to us to raise a voice against the scammer.
He narrated the whole story to our team where he told that he came in contact with Aryan in the year 2022 through a telegram channel. There Aryan used to provide stock market tips and charge ₹3,500 for the same. Aryan also had a Youtube channel at that time.
Later he offered account handling and profit sharing services. Getting influenced with the high returns and quick profits, Prakash first joined his premium group and later shared his account details to work on the profit sharing model.
After earning some profit, Aryan convinced him to add more funds in the trading account. Prakash although had shortage of funds but managed to add funds by taking a loan of ₹40 Lakhs.
Sometimes Prakash followed his tips he provided on call and sometimes Aryan used to take a trade position by himself.
However, the profit earning journey soon turned into nightmares. Scammer wiped off all his capital plus profits made till then.
Prakash went into depression and attempted suicide after facing loss of such a big amount. Later he thought of meeting Aryan to find some solution. He went to Aryan’s hometown and discussed his financial condition.
Aryan showed his full support and promised him to return his losses. But after returning home, Aryan blocked Prakash’s number. Then Prakash decided to take legal action. But this turned the table on him as the scammer falsely accused him of harassing his wife and physically assaulting him.
He demanded ₹1 crore for the fake allegations he put on Prakash.
This disturbed Prakash and he again attempted suicide. By God Grace, Prakash was saved but he is not the only victim of this scam. There are many people who lost their money after coming under the influence of Aryan.
Prakash is still doing investigation and trying every possible way to expose him. In his investigation he found out that in the last 4 months around 60 people had transferred money to Aryan’s bank account.
Along with this, our team is working actively and filed a complaint in SEBI against the fake-finfluencer.
Victims like Prakash are making scammers like Aryan rich at the stake of their own financial losses.
This can be stopped only when people stop falling into greed of earning quick gains and high returns. In all, AWARENESS is the only way by which scams like these can be reduced.
What Can You Learn from This?
This case serves as a harsh warning to investors to be extremely cautious when dealing with online financial advisors, especially those who operate without proper registration and regulation.
The emotional and financial toll on the victims is immeasurable, with some driven to the brink of despair.
If you find yourself in a similar situation, seek legal advice immediately and report the scam to the authorities. No one should suffer in silence or face the consequences of someone else’s greed and dishonesty.
