The hoax of converting 1 lakh to 1 crore, how fin influencers of Instagram-YouTube are making victims, know the truth

Fin Influencer Scam: if you too Instagram or YouTube But be careful while watching reels because sometimes while watching reels you may suddenly come across videos like doubling money or becoming rich quickly. Seeing such reels, most of the people go ahead to know about it but many times they also download the app and even go to the extent of opening their demat account. Now this new trend is emerging as a big threat.

How is FOMO increasing?

In earlier times, subjects like investment and savings were considered serious and thought-provoking for people, but since the advent of social media, today’s youth do not want to miss the opportunity to earn more money in less time and the mentality of fear of losing something is called FOMO i.e. Fear of Missing Out. Due to which people are forced to take decisions in haste. Taking advantage of this, fin-influencers are rapidly strengthening their hold on the internet.

How does this whole web work?

If we talk about fin-influencers, they post such videos on social media which contain information like getting more returns in less time. But the truth behind this is that they only show the results and hide the risks. Many times, the people seen in the videos do not even have official financial qualifications, but their huge followings act as an excuse to deceive people. Such content creators often have affiliate links, app sign-ups, and promotional offers hidden on their profiles that generate their income.

Fraud cases also increased, loss worth crores

At the same time, the loss caused by such trends is also no longer hidden. Such a case was seen in Pune in the month of April in which Rs 9.31 crore was defrauded through fake trading scam. Apart from this, a businessman in Ludhiana suffered a loss of about Rs 20 crore in a crypto scam. At the same time, this kind of problem is not seen only in India, its effect is also visible in America. Where the US Federal Trade Commission had informed last year that people had been defrauded of $2.1 billion in internet scams.

Expert gave advice

Viral Bhatt founder Mani Mantra said on this matter, ‘Today, the biggest risk is not market volatility but influence. Internet media has made investing easy, fast and glamorous. Influencers often show returns, not risks; they show results, not the process.” Taking his point further, he said, ‘It is necessary to verify before trusting. Always remember that wealth is built quietly, not with noise.”

Also read: Motorola’s new blast: Feeling like iPhone in less than 50 thousand? Edge 70 Pro+ leaked before launch

How to avoid this trap?

To avoid this kind of illusion, you should never forget some things:

• Do not follow any investment advice blindly
• First check the influencer’s eligibility and registration
• Be wary of claims like guaranteed returns or get rich quick
• Get information from official platforms of NSE, BSE or SEBI
• Always start with small investment and build understanding

Obnews’s advice: Wisdom is the biggest investment

Obnews advises everyone that the content available on social media is not just information but has become a product. In such a situation, we think 100 times before buying any item. Similarly, before accepting any investment advice, we should think about it and invest in it only after getting complete information about it and getting it properly confirmed.