Angel One flags fraud on social media

Angel One Ltd, a FinTech firm, has warned investors about the increasing prevalence of fraudulent social media groups misusing Angel One’s name and impersonating its senior executives.

The company has observed multiple unauthorized groups being created across social messaging platforms such as WhatsApp and Telegram, which are unlawfully and deceptively misusing the brand name and logo of Angel One Limited, as well as the names and images of its senior officials.

In a statement, Angel One, said: “We want to emphasize that providing unauthorized investment advice or guaranteeing returns in the securities market is strictly prohibited and urge investors to exercise due diligence and verify the authenticity of any communication claiming to be from our organization.”

It further stated: “Legitimate investment decisions should always be based on thorough research and information from authorized sources.

Angel One Limited has no connection, direct or indirect, with any fake applications, web links, or private WhatsApp/Telegram groups and will not be liable for any financial loss or consequences resulting from dealings with fraudulent applications or web links.”