Ponzi schemes and fake trading or crypto investment scams
Guaranteed high returns, Telegram trading tips and fake apps showing growing profits are classic signs of investment fraud.
5 min read
What you need to know
Victims are added to WhatsApp or Telegram groups where 'experts' share stock, forex or crypto tips. They are asked to invest through an app that shows large paper profits, but withdrawals are blocked unless more 'tax' or 'fees' are paid.
Ponzi schemes pay early investors from new deposits and collapse when new money stops. Unregistered deposit schemes are banned under the Banning of Unregulated Deposit Schemes Act, 2019.
Only invest through SEBI-registered brokers and advisers or RBI-regulated entities. Verify registration numbers on the SEBI and RBI websites before transferring any money.
If you have lost money, call the National Cyber Crime Helpline 1930 immediately and file a complaint at cybercrime.gov.in. Inform your bank at once: under RBI's customer-liability rules, reporting an unauthorised electronic transaction within three working days generally limits your liability to zero when the fault lies with a third party. In Mumbai, Thane and Navi Mumbai you can also visit the nearest police station or cyber police cell with your bank statement and screenshots.
Continue your research
Use this guide alongside our product details and eligibility criteria before choosing a lender.
Key points and practical checks
- No legitimate investment guarantees very high returns
- Verify SEBI registration of any adviser or broker
- Forex trading through unauthorised platforms is illegal in India
- Be suspicious if withdrawals need extra payments
Frequently asked questions
What is the main takeaway from “Ponzi schemes and fake trading or crypto investment scams”?
Guaranteed high returns, Telegram trading tips and fake apps showing growing profits are classic signs of investment fraud.
What should I check before acting on this banking & finance fraud guide?
Start with these checks: No legitimate investment guarantees very high returns; Verify SEBI registration of any adviser or broker; Forex trading through unauthorised platforms is illegal in India. Your final eligibility, pricing and approval still depend on the lender’s assessment.
Can the information in this guide guarantee loan approval?
No. It is general educational information. A bank or NBFC makes the final decision after checking your credit profile, repayment capacity, documents and the applicable product policy.
How can iFINTRUST help after I read this guide?
An iFINTRUST advisor can review your requirement, explain the documents normally requested and help you compare suitable lending options before you apply.