Angel One Ltd, a prominent fintech player, has issued a warning to investors about fraudulent social media groups impersonating its name and executives. The company has observed a surge in unauthorized groups across platforms like WhatsApp and Telegram, misleading users into believing they are associated with Angel One. These fraudulent groups are involved in illegal activities, such as offering unregistered securities advice and making unauthorized claims about returns.
Angel One emphasized that such groups violate regulations by offering investment advice without SEBI approval and misleading the public with false guarantees of returns. “We urge investors to verify the authenticity of any communication claiming to be from our organization. Legitimate investments must be based on authorized sources,” said an Angel One spokesperson.
The company clarified that it does not add customers to unofficial groups, request sensitive information, or solicit funds through unauthorized channels. Investors are encouraged to use only official platforms for transactions and avoid downloading apps from unofficial sources. In Guwahati, local investors are advised to be cautious of these scams, as the trend of fraudulent schemes has been increasingly noted in regional markets. Investors in Guwahati should be particularly vigilant, ensuring all financial decisions are made through verified channels to protect their investments. Angel One urges the public to report suspicious activities through official law enforcement channels, including the Cybercrime portal and helpline.