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How did a family in Mumbai turn tips on Telegram & WhatsApp into a ₹20-crore scam?
short by Ashley Paul / on Saturday, 23 May, 2026
SEBI barred seven members of a Mumbai family from securities market for running a ₹20-crore 'pump-and-dump' scheme. The family ran multiple accounts on X, WhatsApp and Telegram with thousands of followers. They bought 82 low-liquidity SME stocks, then pushed 'buy' tips to their followers via social media, which eventually pushed the stocks' prices higher, following which they sold their holdings.
read more at NDTV Profit