Scammers are using Instagram to lure victims into investment schemes, prompting advice that platforms must be verified with SEBI registration.
1 report, 1 independent
Updated Jul 14
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What happened
Scammers are using Instagram to lure victims into investment schemes, prompting advice that platforms must be verified with SEBI registration.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Fraudsters used fake SEBI certificates in an Instagram ad to lure victims traveling from Pune to Madhya Pradesh.Sub-event
- Meta operates Instagram, and a specific individual named Gupta has been registered with the Securities and Exchange Board of India (SEBI).Sub-event
Scammers use Instagram for investment fraud; victims advised to check SEBI registration.1 source
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The entities involved
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Instagram
photo and video sharing social network owned by Meta Platforms
-
Securities and Exchange Board of India
registration authority
Related events
- An AI voice-cloning scam incident was reported on Instagram in Khargone, Madhya Pradesh.
- Misinformation was spread via a video posted on Instagram in Kerala.
- IPO registration in India is mandated to be completed with the Securities and Exchange Board of India (SEBI).
- An automated system has been implemented in India under the IT Rules concerning Instagram.
- Aditya Maheshwari used Instagram for a viral video while startup dinners were held in Koramangala, Bengaluru.