How finfluencers use fake screenshots to run scams
SummaryStock tips on Telegram channels offer ‘support and resistance’ instead of ‘buy and sell’ options
Finfluencers are back in action, with fake screenshots, telegram channels and even mentorship. Ask Mayank Saw, a commerce student from Dhanbad in Jharkhand. Saw spent 14 months trying to time the market but was unsuccessful. Frustrated, he turned to Youtube videos to check if he could get any leads. That’s when he stumbled on a video posted there by Abhishek Kar, showcasing screenshots of the lakhs of rupees in profits that he had made by trading in derivatives.