Investment Scam Exposed: SIT Uncovers Fake SEBI Portal in Maharashtra.

SEBI Registered Investment Scam Exposed

• The Credit Score Trap: How Withdrawals Were Blocked for Extortion

• Inside the VIP Telegram Group That Orchestrated the Fraud

• FIR Registered in Maharashtra

Unmesh Gujarathi
Sprouts News Exclusive
Contact: +91 9322755098

A sophisticated “SEBI-Registered” trading scam has been uncovered by the Sprouts News SIT. Fraudsters used fake portals, manipulated credit scores, and coercive unfreezing fees to dupe investors of lakhs. An FIR has been registered in Maharashtra following the SIT’s evidence-based investigation into this elaborate cyber fraud.

Sprouts News Exclusive: Sophisticated “SEBI-Registered” Investment Scam Uncovered, Victims Lose Lakhs in Elaborate Cyber Fraud

A major investment fraud scheme, masquerading as SEBI and NSE-registered trading platforms, has been uncovered by the Sprouts News Special Investigation Team (SIT). The elaborate scam duped hundreds of victims nationwide out of lakhs of rupees using fake trading dashboards and manipulated credit scores. Based on evidence gathered by the SIT, an FIR has been registered at the Bhosari MIDC Police Station in Maharashtra.

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Fake SEBI Portal: The Elaborate Facade of a Fake Trading Platform

The fraudsters operated through sophisticated fake portals like god.tl-luxurytimen.com. These platforms displayed real-time data for commodities like Gold, Guar gum, and Copper to appear legitimate. The Sprouts News SIT reviewed screenshots showing fabricated profits, such as ₹1,05,000 on “Guar gum futures,” designed to lure victims into depositing more funds. This digital theatre successfully built trust before the scam was activated.

How the “Credit Score” Trap Was Used to Block Withdrawals

The scheme’s turning point occurred when users attempted to withdraw their supposed earnings. The system would suddenly flag a low “credit score,” blocking all withdrawals until a 100% score was achieved. Victims were then coerced into paying massive “repair fees,” including a ₹38,000 “Risk Management repair ladder fee” and even a ₹2,00,000 “Credit Score Reputation Repair” charge. Forged NSE logos on these notices added a false layer of legitimacy.

VIP Groups and Forged Regulatory Documents Deepen the Scam

A Telegram group named “VIP Exclusive Task Group” was used to orchestrate the fraud, with accused Deepak Singh issuing trading commands. Meanwhile, fake NSE “Risk Monitor” and “Security Agreement” documents were circulated to justify the exorbitant unfreezing fees. The Sprouts News SIT linked accused Lucky Singh to these documents through Aadhaar evidence, identifying him as the “Project Leader / Guarantor” of the credit score repair scheme.

Also Read:  Cholamandalam Loan Fraud Exposed: SIT Uncovers ₹7.5 Crore Property Scam.

FIR Registered Following Sprouts SIT Investigation

The Bhosari MIDC Police registered FIR No. 31909250158865 under charges of online financial fraud based on the evidence dossier provided by the Sprouts News SIT. This evidence included fake NSE notices, transaction histories, and the identities of the key accused. Police officials confirmed that the SIT’s findings were critical in establishing the fraud and moving forward with the case.

A Wake-Up Call for Regulatory Vigilance and Investor Awareness

This case highlights the vulnerability of investors to highly sophisticated cyber frauds that exploit trust in financial regulators. The Sprouts News SIT urges the implementation of a centralized investor fraud alert system and mandatory verification of all trading platforms by SEBI and NSE. This incident serves as a critical reminder for investors to exercise extreme caution and verify the authenticity of any platform before investing.