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I remember the first time I heard about Harshad Mehta — a classic example of how ambition and lack of ethics can ruin an entire life. This Indian broker in the early 90s created a manipulation system in the stock market that seemed brilliant until it collapsed.
What did he do? He bought shares of the largest banks and companies, but not just randomly — he manipulated prices through complex schemes to create the illusion of profitability. For a while, it worked, and he made huge money. But the market is a tricky thing. Sooner or later, all fake schemes come to light.
When Harshad Mehta’s story was exposed in 1992, the consequences were catastrophic. Not only for him — tens of thousands of investors who trusted his advice suffered losses. The system collapsed, and trust evaporated.
This case teaches a simple truth: there are no magic pills in trading. Attempts to get rich quickly through manipulation always end the same way — with loss of reputation and money. Sustainable income is built on honesty, analysis, and discipline, not tricks and illegal schemes.
If you trade or invest, remember this story. The market is ruthless to those who try to cheat it.