Stock Market Scam: Fraudsters are no longer limited to just phone calls or fake websites. They have become completely dependent on technology and are targeting common people by using new digital platforms. Frauds related to online investment have increased rapidly and now Telegram app is becoming the new hub of stock market scams.
Nearly Rs 4 lakh stolen from Mumbai woman
Recently a similar case came to light with a 38 year old woman from Mumbai. She joined a Telegram trading group after seeing a simple online advertisement related to stock market tips. The group looked completely professional—active chat, charts, profit figures, and admins calling themselves experts. There seemed to be no scope for doubt anywhere.
Complete plan to win trust
In the beginning they were asked to invest very small amounts, sometimes Rs 120, sometimes Rs 500. After each payment, screenshots of profits, green arrows and celebratory messages appeared in the group. It seemed as if everyone was making money. Seeing this, the woman became convinced that this was a real trading platform.
Investment pressure gradually increased
When trust was completely built, the real game began. Admins started pressurizing to invest more money. Within a few days of December, the woman transferred money several times. Every time a different UPI ID or bank account was given and the excuse given was sometimes wallet upgrade and sometimes premium membership. A total of more than Rs 3.8 lakh was collected from them by luring them with huge profits.
‘Guru’ and group suddenly disappeared
After sending the money suddenly there was silence in the group. No message, no screenshot and no reply. Only then did the woman realize that she had become a victim of fraud. A complaint was lodged with the Mumbai Police, where investigation revealed that the amount was diverted to many different UPI accounts, making it extremely difficult to track.
Big fraud with elderly couple in Noida
Such a case is not the first time. In 2025, a 76-year-old elderly businessman from Noida was also defrauded of about Rs 19 lakh. The fraudsters, posing as representatives of a well-known investment company, contacted him through social media and took away his entire deposit. Even after registering an FIR in cyber crime, the accused were not caught because this gang was working through fake IDs and social media accounts.
How to avoid Telegram trading scams
To avoid this type of fraud, it is very important to keep some things in mind. Stay away from any person or group that claims guaranteed profits without risk. Do not send money to the personal bank account or UPI of any unknown person. Before investing, please check whether the broker or advisor is registered with SEBI or not. It is better to stay away from trading groups on Telegram and WhatsApp as screenshots and claims can be easily made fake.
What to do immediately if you get cheated
If any kind of fraud occurs, do not delay. Immediately call the cyber crime helpline 1930 and lodge a complaint on cybercrime.gov.in. There is no shortcut to earning money in the stock market. Those who ask for money with the dream of quick profits are selling lies and not investments.
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