Hyderabad investor duped of Rs 2.8 cr in stock market fraud via fake IPO scheme

April 29, 2025

A Hyderabad man lost Rs 2.8 crore in a fake IPO scam after being lured through a Facebook ad and a fraudulent app called ASKMIN. Scammers built trust with fake profits before demanding more money. Authorities are investigating. Investors are urged to verify opportunities with official sources.

More To Explore

NYSE bets on all-or-nothing options as event driven trading gains traction

NYSE is preparing to launch binary return options that will let investors make all-or-nothing bets on whether stocks and ETFs finish above or below set

October 27, 2026

Boeing cuts delivery target, shares hit 18-month low as recovery takes longer

Boeing has announced a cut in its 737 Max delivery target for this year, which raises concerns. The company now aims to increase 737 production

October 27, 2026

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.

The information on this website does not constitute investment advice or a recommendation or a solicitation to engage in any investment activity. This website and its content are not intended for residents of the UAE, US, Canada, Australia, UK, Russia, North Korea, China, Japan, Hong Kong, Singapore and Iran.

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003