Archive · 3 Aug 2025
Deepfake Share Trading Scam Leads to Arrests in Delhi, MP
A businessman was tricked by a fake video of a financial expert that was posted on Instagram.
The video told him to join a group and download an app, which promised high profits.
He ended up losing a lot of money, and the police caught the people responsible.
They moved the money through fake accounts and used cryptocurrency to send it out of the country.
Five individuals were arrested for a deepfake share trading scam.
A Pune businessman was defrauded of Rs 54 lakh via a deepfake video of a financial expert.
The victim was directed to a fraudulent app promising high investment returns.
Funds were diverted through multiple accounts and converted to cryptocurrency.
The suspects acted as mule handlers, sending funds to international masterminds.
- Who
- Five men were arrested: two from Madhya Pradesh and three from Delhi. The victim was a Pune businessman.
- What
- Five men were arrested for using a deepfake video to defraud a businessman of Rs 54 lakh through a fraudulent share trading scheme.
- When
- The fraud occurred between March 27 and May 9, with arrests made afterward.
- Where
- The scam originated online, with arrests made in Madhya Pradesh, Delhi, and Pune.
- Why
- The fraudsters lured the victim with a deepfake video and a fraudulent application promising high investment returns.
Victim
Fraudsters
Financial Loss
Victim
Lost money due to fraud
Fraudsters
Gained money via deceitful means
- Victim's Location
- Pune
- Amount Cheated
- Rs 54 lakh
- Modus Operandi
- Deepfake video, fake app
- Financial Route
- Cryptocurrency
- Arrests Location
- Delhi, MP
