Large-Scale Digital Asset And Forex Investment Fraud in Northern India Involves Private Firm Using Social Media, Meetings, and Advertising to Lure Investors

A large-scale financial fraud involving cryptocurrency and forex trading has come to light, with a private firm in a northern Indian city accused of cheating investors of ₹1.72 crore by promising high and assured returns. The accused reportedly promised high and guaranteed monthly returns of 7–15%, presenting themselves as experts in digital asset trading. The company later disappeared after collecting funds, leaving investors unable to recover their savings.

Meetings, Social Media, and Advertising Used to Lure Investors

According to the police complaint, the firm hosted a meeting in April 2025 at a hotel in the city, attracting participants from multiple districts. Investors were shown detailed presentations on the company’s supposed trading models, profit structures, and operational workflow. Documents and profit projections were shared to reinforce credibility, while initial payouts were made to select investors to encourage larger investments and generate referrals.

In addition to in-person events, the accused reportedly relied on social media advertisements and direct outreach to expand the scheme. Platforms such as Facebook were used to target potential investors with promises of quick and secure returns, a tactic consistent with other online investment scams previously reported by BrokersView.

Payments Halted, Office Disappears

Investors stated that the company initially made scheduled payouts, which helped to build trust and draw in additional capital. However, the payments abruptly stopped, and attempts to contact the firm revealed that the office was closed and the accused unreachable. Authorities have registered a case against five individuals, and the investigation is ongoing.

Wider Context of Online Investment Fraud

The scam underscores the risks inherent in unregulated digital investments. Cryptocurrency and forex trading, often poorly understood by ordinary investors, have been repeatedly exploited by fraudsters who combine high-return promises with social media campaigns to lure victims. Separate incidents highlight the diverse tactics employed by online fraudsters to extract funds from unsuspecting individuals.

BrokersView Warns: Investor Alert

Authorities urge investors to exercise caution with unverified trading platforms. Investors should verify registration, cross-check claims, and avoid schemes promising unusually high or guaranteed returns. In addition, communications through social media or unsolicited outreach should be treated with skepticism, as these channels are frequently used in coordinated digital investment scams.