The Securities and Exchange Board of India (SEBI) has sounded a strong warning to investors about the rise of fraudulent WhatsApp groups and social media communities that are duping people under the guise of VIP trading tips and free courses. These scams are designed to mislead investors with fake profiles, fabricated returns, and counterfeit testimonials.
SEBI has categorically stated that:
Investors should stay away from unsolicited WhatsApp messages and group invites.
These fraudsters pose as SEBI-registered intermediaries, financial experts, or even public figures, to gain trust.
They share doctored screenshots of profits, fake client reviews, and promises of “100% guaranteed returns” to lure innocent people.
Fraudsters create VIP groups or offer free courses as a bait.
Once users join, they are bombarded with fake profit proofs, scripted testimonials, and fabricated success stories.
Victims are then persuaded to transfer money to unauthorized bank accounts, believing they’ll earn huge returns.
SEBI’s investigation revealed that many participants in such groups are actually part of the scam, playing roles of “satisfied investors” to build social proof.
Platforms like WhatsApp, Telegram, and Facebook are increasingly being used to trap new investors, especially those unfamiliar with financial regulations. These fake communities exploit trust by using realistic-sounding usernames, fake follower counts, and high-quality profile pictures.
SEBI urges all investors to follow these safety guidelines:
Do not click on unknown WhatsApp group links or unsolicited messages.
Always verify a broker or advisor’s registration status on SEBI’s official website.
Be skeptical of high-return promises, especially those requiring urgent investment.
Never transfer money to unauthorized accounts.
Avoid falling for fake screenshots or “success stories” circulating on social media.
SEBI's alert is a critical reminder to exercise caution in the digital investment space. Falling for false promises or deceptive influencers can lead to severe financial losses. Always trust registered platforms and certified professionals, and remember: if it sounds too good to be true, it probably is.
