Real scam stories from across India. No names, no numbers, only the tricks, so the next person spots them.
Stories tagged #stockmarketscam
A Hyderabad resident was contacted on Facebook with promises of high returns and added to a WhatsApp group named after a well-known brokerage. A man claiming to be its chief investment officer told him he could get IPO allotments through "institutional buyers" because he was a high net worth investor, and gave him so-called regulatory accounts for the payments.
Over about three weeks he paid…
From the ScamBhai desk, based on a news report: Deccan Chronicle, 18 Sep 2024 · Source
How the stock tips group trap usually works. Someone is added to a WhatsApp group run by a "professor" or "SEBI registered analyst" with a famous-sounding name. Every day there are market tips, screenshots of big profits, and members thanking the admin.
After a week, members are asked to download a "institutional trading app" to get IPO allotments and block deals at discounts. The app shows the…
From the ScamBhai desk: a composite of common reports, not one person's story
A man in Mangaluru was added, without asking, to a WhatsApp group named after a well-known brokerage that posted daily stock tips. Once he trusted the admins, they sent him a link to join their "online platform".
Over about two weeks he paid instalments into several bank accounts they gave him. When they asked for more money so he could "receive the full profit", he grew suspicious and spoke to…
From the ScamBhai desk, based on a news report: Deccan Herald, 17 Nov 2025 · Source