In short
A stock is aggressively promoted to drive buying and price increases The objective is typically to leave late buyers with losses when promoters sell and the price collapses.
What it is
Promoters circulate misleading excitement, tips or claims designed to create demand. The victim is then pushed to buy the promoted security at an inflated or manipulated price.
How it starts
A stock is aggressively promoted to drive buying and price increases.
What they tell you
Promoters circulate misleading excitement, tips or claims designed to create demand
What they want you to do
Buy the promoted security at an inflated or manipulated price
How you lose money
leave late buyers with losses when promoters sell and the price collapses
What happens next
After the first successful step, the fraudster may demand more money/information, deepen account or device access, or disappear.
Warning signs
FOMO | social proof | greed | urgency | coordinated promotion | market manipulation
Where this is documented
India — officially documented by an Indian authority/regulator
How to avoid it
Verify the intermediary and app through SEBI/RBI-authorized channels; reject guaranteed-return claims and pressure to move money to personal or unrelated accounts.
If it already happened
Contact the bank/payment provider immediately if money moved; report financial cyber fraud promptly via 1930 and cybercrime.gov.in; preserve messages, transaction IDs, phone numbers and URLs.