Ahmedabad Man Loses ₹4.4 Million in Instagram-Telegram Forex Trading Scam
A 25-year-old medical representative from Ahmedabad, India, has reportedly lost ₹4.4 million in an online trading scam that operated through Instagram ads and Telegram groups.
The victim was lured in January by a social media advertisement promoting a trading platform offering high returns on cryptocurrency and forex investments. After registering, he was contacted by a woman named “Janvi Sharma,” who claimed to represent the company’s marketing department.
Soon after, he was added to a Telegram group named “Deep Win Trader”, where he received daily “trading tips” and screenshots of fake profits. Convinced by the fabricated gains, he made 296 payments between January and August via multiple Unified Payments Interface (UPI) IDs and online channels linked to the fake platform, totaling ₹4.4 million from personal and family accounts.
According to the Ahmedabad cybercrime police, the scam used Instagram ads, fake dashboards, and impersonated financial executives to build credibility. The funds were routed through multiple digital wallets and mule accounts across multiple states to obscure the money trail.
“Victims are lured with the promise of fast profits, shown fake gains through manipulated dashboards, and persuaded to reinvest until their funds are exhausted,” an investigator said.
Police are now tracing the UPI IDs and beneficiary accounts involved. The case reflects a growing trend of social-media-driven investment fraud across India. BrokersView's latest case report involves three young individuals who identified themselves as “Professor,” “Amanda,” and “Denver,” allegedly orchestrating a cyber heist worth 2500 million rupees.
BrokersView Reminds You
No legitimate trading firm operates via Instagram ads or Telegram groups. Avoid platforms that promise fast profits or restrict withdrawals. Always verify licensing and regulatory status before investing.
If you’ve encountered similar schemes, report them local authorities for investigation or to BrokersView for public exposure.
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