WhatsApp groups Stocks scams

[Konebhar6]

I want to caution people who buy stocks about the whatApp group scams. A friend got subscribed and we both were constantly monitoring them and trying to understand the scam. Did some research online (Redditt) and found these scams have been there for some time. Modus operandi is same.

1. You click their ad in Facebook or they add you to a StockInvestment WhatsApp group.

2. They start posting some picks (Their strike rate is excellent). Small/Medium term. 6-15% profits. You start investing small amounts and make profits.

3. You gain confidence in them. They start teaching you some technicals in the group. 

4. They ask you to connect with their Digital Assistant who will inform you when to sell. They ask you to send a screenshot of the trade so that they can inform when to sell. 

5. Slowly after they get your confidence, they will inform of a 120-200% opportunity investing in a value stock. They did a lot of research, etc etc. They say this opportunity is coming, ask you to invest in it. They say buying in at a specific price is important so that everyone makes money. I understood its circular trading. You might think that you can beat their strategy by selling before ... But redditt says, they day you buy is the day they sell. 

6. Some variations of scams exist, where they ask to open trading account with you and they show good profits with in the account (looks like all sham). Like if you invest 10k, they show they bought some hongkong stocks, and your account shows 100k. To get the money back, they will tell you to pay taxes and when you do, all your money is gone. Coz the trading platform and the bank all are sham ... 

However, if you get stock recommendations, they are good. See if the company is US and a well known one. Invest a little and make some money. That's it. 

I do not understand why they cant just offer that as advise and make money legally. 

Anyways Happy Investing.

[Spartan]

[Thokkalee]

2 hours ago, Konebhar6 said:

I want to caution people who buy stocks about the whatApp group scams. A friend got subscribed and we both were constantly monitoring them and trying to understand the scam. Did some research online (Redditt) and found these scams have been there for some time. Modus operandi is same.

1. You click their ad in Facebook or they add you to a StockInvestment WhatsApp group.

2. They start posting some picks (Their strike rate is excellent). Small/Medium term. 6-15% profits. You start investing small amounts and make profits.

3. You gain confidence in them. They start teaching you some technicals in the group. 

4. They ask you to connect with their Digital Assistant who will inform you when to sell. They ask you to send a screenshot of the trade so that they can inform when to sell. 

5. Slowly after they get your confidence, they will inform of a 120-200% opportunity investing in a value stock. They did a lot of research, etc etc. They say this opportunity is coming, ask you to invest in it. They say buying in at a specific price is important so that everyone makes money. I understood its circular trading. You might think that you can beat their strategy by selling before ... But redditt says, they day you buy is the day they sell. 

6. Some variations of scams exist, where they ask to open trading account with you and they show good profits with in the account (looks like all sham). Like if you invest 10k, they show they bought some hongkong stocks, and your account shows 100k. To get the money back, they will tell you to pay taxes and when you do, all your money is gone. Coz the trading platform and the bank all are sham ... 

However, if you get stock recommendations, they are good. See if the company is US and a well known one. Invest a little and make some money. That's it. 

I do not understand why they cant just offer that as advise and make money legally. 

Anyways Happy Investing.

Greed.. they can make a hell lot of money just by selling trade ideas.. many ppl do it.. 

[Konebhar6]

2 hours ago, Thokkalee said:

Greed.. they can make a hell lot of money just by selling trade ideas.. many ppl do it.. 

Yeh .... looks like most of them operate from Asian countries near to HongKong and they suggest stocks traded in hong kong exchange ... or even crypto. 

Looks like Hong Kong exchange notified major US Brokerage houses like Fidelity, etc about some of these stocks that are used in pump and dump. 

[Thokkalee]

25 minutes ago, Konebhar6 said:

Yeh .... looks like most of them operate from Asian countries near to HongKong and they suggest stocks traded in hong kong exchange ... or even crypto. 

Looks like Hong Kong exchange notified major US Brokerage houses like Fidelity, etc about some of these stocks that are used in pump and dump. 

Anything that is traded outside US stock exchange is a red flag… also you shouldn’t handover your trading account to them.. one of my friend did that (some iron condor group) and lost lot of money.. 

[Konebhar6]

Just now, Thokkalee said:

Anything that is traded outside US stock exchange is a red flag… also you shouldn’t handover your trading account to them.. one of my friend did that (some iron condor group) and lost lot of money.. 

Absolutely ... There are so many red flags in the whole story and process .. not sure how people are falling so easily for it ... Probably Greed. 

Was reading in redditt yesterday, many people lost half a million $ ... 

They changed strategy now .. suggesting pump and dump stocks now ..

[Thokkalee]

2 minutes ago, Konebhar6 said:

Absolutely ... There are so many red flags in the whole story and process .. not sure how people are falling so easily for it ... Probably Greed. 

Was reading in redditt yesterday, many people lost half a million $ ... 

They changed strategy now .. suggesting pump and dump stocks now ..

People get convinced with hearsay evidences that someone’s friend made lot of money.. 

[Konebhar6]

Hopefully if any people in this DB are in those groups, get out of those positions or pump and dump schemes.

[quickgun_murugun]

58 minutes ago, Konebhar6 said:

Hopefully if any people in this DB are in those groups, get out of those positions or pump and dump schemes.

Yeah these guys suggest some stocks of good companies and they say the sell value. But don’t fall for them. Just play around with little amount if needed. Sometimes they suggest good stocks for short term 

[quickgun_murugun]

6 hours ago, Konebhar6 said:

I want to caution people who buy stocks about the whatApp group scams. A friend got subscribed and we both were constantly monitoring them and trying to understand the scam. Did some research online (Redditt) and found these scams have been there for some time. Modus operandi is same.

1. You click their ad in Facebook or they add you to a StockInvestment WhatsApp group.

2. They start posting some picks (Their strike rate is excellent). Small/Medium term. 6-15% profits. You start investing small amounts and make profits.

3. You gain confidence in them. They start teaching you some technicals in the group. 

4. They ask you to connect with their Digital Assistant who will inform you when to sell. They ask you to send a screenshot of the trade so that they can inform when to sell. 

5. Slowly after they get your confidence, they will inform of a 120-200% opportunity investing in a value stock. They did a lot of research, etc etc. They say this opportunity is coming, ask you to invest in it. They say buying in at a specific price is important so that everyone makes money. I understood its circular trading. You might think that you can beat their strategy by selling before ... But redditt says, they day you buy is the day they sell. 

6. Some variations of scams exist, where they ask to open trading account with you and they show good profits with in the account (looks like all sham). Like if you invest 10k, they show they bought some hongkong stocks, and your account shows 100k. To get the money back, they will tell you to pay taxes and when you do, all your money is gone. Coz the trading platform and the bank all are sham ... 

However, if you get stock recommendations, they are good. See if the company is US and a well known one. Invest a little and make some money. That's it. 

I do not understand why they cant just offer that as advise and make money legally. 

Anyways Happy Investing.

Very good post bro. I have seen many people going through this lately !! 

[Spartan]

inka nayam whatsapp undi ani BJP ki antagattale kontamandi unpad gallu @Raisins_72

[quickgun_murugun]

5 hours ago, Spartan said:

@Spartan nuvvu a WhatsApp telegram groups lo unnav forward cheyyu. Break iddam ! 

[Spartan]

Just now, quickgun_murugun said:

@Spartan nuvvu a WhatsApp telegram groups lo unnav forward cheyyu. Break iddam ! 

@quickgun_murugun ledu anna i dont follow those

[quickgun_murugun]

Just now, Spartan said:

@quickgun_murugun ledu anna i dont follow those

Intelligent boy !! 

[Konebhar6]

1 hour ago, Spartan said:

inka nayam whatsapp undi ani BJP ki antagattale kontamandi unpad gallu @Raisins_72

Damn these politics ...