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These days, fraud is rampant in the world. Online scams are everywhere. Due to unemployment, people come up with plans to steal online and deceive others. Nowadays, people create trading groups on Telegram and assure others that they are trading with them. They then send premium group invites, get money from people, show them losses, display small profits, and then tell them to join another group, collecting money from them and disappearing after blocking them.
Scam by Free Telegram Trading Groups
This is a strange way of fraud happening in the market. If you are trading and using free Telegram groups for trading, you need to be cautious.
Because these trading people often say whatever suits them to make their own profit by using others’ money. They might not have significant funding but need to drive the stock prices up or influence indices like Nifty or Bank Nifty, so they collect money from people to invest based on their calls.
Let’s understand this with a small example. Assume there is a group on Telegram with 50,000 members. If each person invests ₹1,000 based on a call predicting the market will go up, that amounts to ₹5 crore. Some people might invest even more, making the total even larger. When such a large amount suddenly goes into a call, its graph tends to rise. If you don’t believe it, you can look at many market capitalizations of stocks or mutual funds where funding might be only ₹64 crore, ₹100 crore, or ₹500 crore. It’s not necessary that it has to be in the thousands of crores; many times, smaller stocks have lower market caps too.
While it’s not possible to move Nifty or Bank Nifty just like that, trading based on their calls can somewhat control it. So, these Telegram groups get lakhs of people’s money to invest suddenly, and as soon as the market goes up, they profit and exit, telling others to exit too. Some people do benefit, but many suffer losses.
In this market, one person creates multiple Telegram groups, and he provides trading calls in the group that has the most members. This way, people trust him and believe they can make a profit. Those who see good profits often join his recommended group, and that’s when the new chapter of this scam begins.
Friends, if something like this has happened to you, please file a complaint with cybercrime. And if you sense something like this might happen, be cautious from the start. Giving your money to anyone would be foolish. Remember, the money is yours—use it wisely or invest it to earn something. There are other ways to earn as well; you can invest in mutual funds, buy ETFs, or if you have even a little knowledge about stocks, you can invest in quality top stocks.
Live Example of Telegram Group Scam
We have Proof you can check the scam conversation How is the scam doing?
This Matter Started with Instagram Channel who have a great audience.
And they every time said please join his telegram group and after that Whole Matter starts with the Telegram Group when you join. This is the telegram group where the group Admin share the stock information when we buy or when we sell. And Look into the below image how goup admin say New stock available please join.
When you join his new group successfully then he tries to give this type of offer and once you have clicked on that offer his WhatsApp chat will open and then automatically send an SMS on your behalf of you like this. And once again they give you the same offer. If you want to join the offer then the congratulation scam starts with you.
He ask you for the money and the scammer give you promise that when you give him money then he will give you more amount like this. He ask you basic details and he start scam with you.
Once you are ready to pay the Mount he will send you a QR and he will ask you to send money to him. Once you have successfully paid then he will ask you for the payment screenshot for the confirmation that you actually send the money or not.
once you have sent the money then he will try to convince you to please pay the tax because work is complete but he needs to pay the tax without tax he did not pay you the reward.
if you refuse to pay the tax then he tries to convince you to please pay the tax otherwise he will not give you the money. And whatever amount you have sent to him that amount also never be refunded.
if you deny so many times then he will send you his customer screenshot where someone sent him the text amount and shared the screenshot with him the scammer is very clever he did not send you the whole chat he will send only the payment screenshot chat.
once you are ready to pay the tax then he said you okay and wait for 5 minutes or 10 minutes. After that, he will never try to convince you and he never paid you after that he blocked you and went away he never pick a call switched off his number and your money has been gone forever. Approximately 3000 rupees scam running in the open market and so many people aren’t aware about this.
please beware that telegram trading scam
Please share this Article with your friends who are trying to trade on behalf of someone please be aware of that and try to save him from losing his money.
If you have any questions regarding Tech then you can ask me in the comment box. You can also share your experience if this type of scam happened to you and what action you have taken after the scam happened to you.
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