In a case that highlights the growing risk of online investment fraud, cyber criminals posing as stock market experts on Telegram cheated a young man of ₹21.48 lakh by promising to double his money through share trading. The accused gained his trust over time and convinced him to transfer funds to multiple bank accounts. A case has been registered, and cyber police have launched an investigation.
According to the complaint, Somendra Singh of Gati received a message on December 8, 2025, claiming his investment could be doubled within a short period through stock market trades. He initially ignored the message, but repeated follow-ups and the lure of quick profits led him to respond. The fraudsters introduced themselves as market professionals and assured him of high returns if he followed their guidance.
Small deposits used to build trust
The victim stated that he was first asked to transfer a small amount to build confidence. The fraudsters later showed him notional profits, which strengthened his belief in their claims. Gradually, they pushed him to invest larger sums, saying higher investments would generate bigger returns.
At different stages, the accused demanded money under various pretexts such as trading charges, processing fees, and tax payments. Each time, they assured him that the full amount along with profits would soon be credited to his account.
Between December 8, 2025, and January 22, 2026, the victim transferred a total of ₹21,48,698 to several bank accounts on multiple dates. Despite repeated assurances, neither the invested amount nor the promised profits were returned.
When the fraudsters stopped responding to calls and all contact numbers became unreachable, the victim realised he had been cheated and approached cyber police for help.
Digital trail under investigation
Cyber police have registered an FIR and are examining the bank accounts, mobile numbers, and digital evidence linked to the transactions. Steps are being taken to identify the beneficiaries and freeze accounts used to route the money.
Rise in trading-related cyber scams
Police officials said scams involving fake stock trading, cryptocurrency, and “multibagger return” schemes on Telegram and other platforms are on the rise. Fraudsters often build trust using small, fake gains before siphoning off large sums through multiple transfers.
Authorities have advised people not to trust investment offers from unknown individuals or online groups, avoid transferring money to unfamiliar accounts, and report suspected fraud immediately to the 1930 helpline or the cyber crime portal.
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