A 35-year-old man from Hallo Majra, Chandigarh, lost his entire life savings of ₹26.5 lakh after falling victim to a stock market scam promoted through a YouTube advertisement. The online fraud involved a fake trading platform that used professional-looking content to gain trust and gradually convince the victim to invest.
The victim, Priyank Mishra, lodged a complaint with the city’s cyber cell, stating that he came across a YouTube Shorts advertisement in April 2025. The video claimed to offer high returns through expert-guided stock market investments and included a link to join. Clicking on the link directed him to a WhatsApp group operated by individuals named Nitin Sharma, Tej Kumar Jain, and Nikita Jaiswal, who posed as seasoned market analysts.
The group engaged members with lectures, quizzes, and fake profit testimonials to build credibility. Mishra was persuaded to invest in a company called Yashvi Securities Private Limited, which was later identified as a fraudulent entity.
Over the course of several weeks, he transferred ₹26.5 lakh into different bank accounts provided by the scammers. The platform falsely showed rising account balances and promised guaranteed returns. However, when Mishra tried to withdraw his funds, the scammers refused and demanded additional payments, citing false rules for withdrawal. They even threatened legal action if he did not comply.
Realising the market fraud, Mishra filed a complaint, and the Chandigarh cyber police have registered an FIR. An investigation is now underway to trace the accused and uncover the full extent of the scam.
Officials warn that such cases are becoming increasingly common, with scammers using platforms like YouTube and WhatsApp to mislead users. Authorities have urged the public to remain cautious and avoid clicking on suspicious links or investing in schemes promoted through unsolicited online content.
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