No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 25, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Noida man duped of Rs 1 crore in WhatsApp-based stock trading scam

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 2 mins read
A A
Noida man duped of Rs 1 crore in WhatsApp-based stock trading scam
Share on FacebookShare on TwitterShare on LInkedIn


A 61-year-old Noida resident has reportedly lost more than Rs 1 crore in a stock trading scam operated through WhatsApp, where one of the fraudsters posed as a “professor” offering stock market advice.

According to The Times of India, the victim, Sital Kumar of Sector 113, was contacted in April 2023 by three individuals claiming to be financial advisors from E-Trades India Company Private Limited, which they said was a subsidiary of global investment bank Morgan Stanley. The suspects allegedly lured Kumar into investing large sums over three months with promises of unusually high returns.

One of the accused, identifying himself as Sanjay Sharma, held daily online sessions in a WhatsApp group, sharing tips on stock trading, IPOs, and after-hours markets. Two others—Alyssa and Priyanka Singh—claimed to be his assistants and allegedly helped Kumar open a high net-worth individual (HNI) account, later convincing him to upgrade to an ultra-HNI account for better trading opportunities.

Kumar said he invested over Rs 1 crore by June 2024 before growing suspicious when he was asked for more money upon attempting to withdraw funds. A visit to Morgan Stanley’s Mumbai office in July revealed the firm had no ties to the claimed subsidiary or the individuals involved.

The victim filed a complaint on the National Cyber Crime Portal in November and approached the cybercrime branch earlier this month. Authorities have registered a case under sections 318(4) and 319(2) of the Bharatiya Nyaya Sanhita and Section 66D of the Information Technology Act. Police are investigating the money trail and verifying whether the investment platforms used were legitimate.

Live Events

Also read | Noida businessman duped of Rs 9 crore in WhatsApp trading scam: Report(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)



Source link

Tags: croreDupedManNoidascamstockTradingWhatsAppbased
ShareTweetShare
Previous Post

Nifty bulls in panic mode. Peter Lynch’s 4 rules for surviving market mayhem

Next Post

Hot Stocks KW 15/2025: schon wieder Gold & Goldaktien!

Related Posts

edit post
One more regional airline files for Chapter 11 bankruptcy

One more regional airline files for Chapter 11 bankruptcy

by TheAdviserMagazine
October 25, 2025
0

A number of regional airlines have filed for Chapter 11 bankruptcy protection in 2025. Charter airline Kachina Air filed Chapter...

edit post
Trump hits Canada with an extra 10% duty because anti-tariff ad didn’t come down immediately

Trump hits Canada with an extra 10% duty because anti-tariff ad didn’t come down immediately

by TheAdviserMagazine
October 25, 2025
0

President Donald Trump said on Saturday that he plans to hike tariffs on imports of Canadian goods by an extra 10%...

edit post
Scale AI Veteran Bilal Abu-Ghazaleh Launches 1001 With  Million To Rebuild The Physical World Through Artificial Intelligence

Scale AI Veteran Bilal Abu-Ghazaleh Launches 1001 With $9 Million To Rebuild The Physical World Through Artificial Intelligence

by TheAdviserMagazine
October 25, 2025
0

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Scale AI alum...

edit post
China’s rare earth limits may have ‘gone too far this time’ as US trade talks start

China’s rare earth limits may have ‘gone too far this time’ as US trade talks start

by TheAdviserMagazine
October 25, 2025
0

Top U.S. and Chinese officials met in Malaysia on Saturday to lay the groundwork for a summit between Donald Trump...

edit post
China’s rare golden monkeys debut at European zoos, possible successor to ‘panda diplomacy’

China’s rare golden monkeys debut at European zoos, possible successor to ‘panda diplomacy’

by TheAdviserMagazine
October 25, 2025
0

With their distinctive shaggy orange manes, pale blue faces and dense fur covering their hands and feet, it's hard to...

edit post
Why Southwest stock is down while American Airlines is soaring

Why Southwest stock is down while American Airlines is soaring

by TheAdviserMagazine
October 25, 2025
0

At the end of the day on Friday, Southwest Airlines ended the week starting on Oct. 20 with its shares...

Next Post
edit post
Hot Stocks KW 15/2025: schon wieder Gold & Goldaktien!

Hot Stocks KW 15/2025: schon wieder Gold & Goldaktien!

edit post
Third Point, DE Shaw obtain agreements with CoStar. How they can build value

Third Point, DE Shaw obtain agreements with CoStar. How they can build value

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
One more regional airline files for Chapter 11 bankruptcy

One more regional airline files for Chapter 11 bankruptcy

0
edit post
Home Prices Could “Stall” for Years

Home Prices Could “Stall” for Years

0
edit post
How to Recognize Critical Race Theory

How to Recognize Critical Race Theory

0
edit post
US Representative reveals up to K Bitcoin exposure

US Representative reveals up to $30K Bitcoin exposure

0
edit post
Don’t Miss Out on Your Golden Years’ Freebies: 10 Heartwarming Senior Discounts That’ll Save You a Fortune and Spark Joy

Don’t Miss Out on Your Golden Years’ Freebies: 10 Heartwarming Senior Discounts That’ll Save You a Fortune and Spark Joy

0
edit post
Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances

Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances

0
edit post
One more regional airline files for Chapter 11 bankruptcy

One more regional airline files for Chapter 11 bankruptcy

October 25, 2025
edit post
Trump hits Canada with an extra 10% duty because anti-tariff ad didn’t come down immediately

Trump hits Canada with an extra 10% duty because anti-tariff ad didn’t come down immediately

October 25, 2025
edit post
Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances

Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances

October 25, 2025
edit post
Scale AI Veteran Bilal Abu-Ghazaleh Launches 1001 With  Million To Rebuild The Physical World Through Artificial Intelligence

Scale AI Veteran Bilal Abu-Ghazaleh Launches 1001 With $9 Million To Rebuild The Physical World Through Artificial Intelligence

October 25, 2025
edit post
Polymarket Confirms Token Airdrop, But US Launch Is Priority — Details

Polymarket Confirms Token Airdrop, But US Launch Is Priority — Details

October 25, 2025
edit post
China’s rare earth limits may have ‘gone too far this time’ as US trade talks start

China’s rare earth limits may have ‘gone too far this time’ as US trade talks start

October 25, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • One more regional airline files for Chapter 11 bankruptcy
  • Trump hits Canada with an extra 10% duty because anti-tariff ad didn’t come down immediately
  • Meet Heidi Hallmark: A Bookkeeper Helping Women Find Peace of Mind in Their Finances
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.