Stock market fraud via WhatsApp, Facebook, Telegram: Two investors lost over Rs 3 crore; how to identify scam and protect yourself
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, SEBI-registered investment adviser and founder of SahajMoney, said investors should not believe every claim, should ask for proof they can check independently, and should verify credentials on SEBI's website before parting with money.
More of Abhishek's views on money management
Economic Times reports two alleged stock market frauds in Ahmedabad in 2024, in which a retired chartered accountant, 88, reportedly lost ₹1.97 crore and a deputy mamlatdar ₹1.13 crore after joining groups and apps sharing trading tips. It explains how such 'pig-butchering' scams build trust through social media, fake websites and apps, and lists warning signs. The article includes comments from Abhishek Kumar.
Publisher source
Stock market fraud via WhatsApp, Facebook, Telegram: Two investors lost over Rs 3 crore; how to identify scam and protect yourself
