YouTube Ads Lead Doctor to ₹46.16 Lakh Trading Scam

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A 31-year-old physician from Nagpur, Maharashtra, lost ₹46.16 lakh in a stock market scam after falling for a deceptive YouTube advertisement and counterfeit investment platform.

The Scam Unfolds

A 31-year-old physician from Nagpur, Maharashtra, is reported to have fallen victim to a fraudulent stock market scheme after engaging with a deceptive YouTube advertisement and a counterfeit investment platform. The scam resulted in the loss of ₹46.16 lakh, with perpetrators later demanding an additional ₹16 lakh to facilitate purported profit withdrawals.

Investigation Findings

The individual, who has been employed at a medical institution since April 2025 and has a four-year history of stock market investments, encountered a YouTube ad promoting high-yield investment opportunities. On May 15, a person claiming to be Hemant Oswal reached out via messaging platform, presenting himself as a representative of a purported equity broking firm. He offered investment guidance and enrolled the victim in a group purportedly focused on financial opportunities.

Key Players and Tactics

During the investigation, it was revealed that another individual, identified as Nischil Jain, frequently shared stock recommendations within the group. This person allegedly distributed a document resembling a SEBI registration certificate to lend credibility to the platform. The victim reportedly gained trust after observing initial returns on the investment interface.

Expert Advice

Investigators allege that Hemant Oswal, Nischil Jain, Subhi Agrawal, and other associates repeatedly urged the doctor to increase his investments by promoting various schemes with exaggerated return projections. The victim transferred ₹46.16 lakh in multiple installments to bank accounts provided by the accused. The platform continued to display growing profits, reinforcing the victim’s belief in the legitimacy of the investments.

Scam Collapse and Aftermath

The scheme collapsed when the fraudsters claimed the doctor’s account had generated ₹16.52 crore in profits. When the victim attempted to withdraw ₹50 lakh, he was informed that a ₹16 lakh processing fee was required before the transaction could proceed. Suspicious of the demand, the individual halted further payments and reported the incident to cybercrime authorities.

Conclusion

Cybercrime experts highlight that fraudsters increasingly utilize YouTube advertisements, social media, and messaging apps to establish trust and promote deceptive investment opportunities. Tactics such as fabricated SEBI registration documents, manipulated dashboards, and staged initial gains are commonly employed to mislead victims. Experts advise the public to independently verify the regulatory status of any investment platform, avoid relying solely on documents shared online, and cease transactions immediately if unexpected fees or taxes are demanded prior to withdrawals. They emphasize the importance of reporting such incidents promptly through official channels, including the National Cyber Crime Helpline (1930) and the National Cyber Crime Reporting Portal, to enhance the likelihood of fund recovery and assist in tracing perpetrators.

According to law enforcement authorities, the individual, who has been employed at a medical institution since April 2025 and has a four-year history of stock market investments, encountered a YouTube ad promoting high-yield investment opportunities.

Cybercrime experts highlight that fraudsters increasingly utilize YouTube advertisements, social media, and messaging apps to establish trust and promote deceptive investment opportunities.