The government has repeatedly made clear that these videos were fake and warned the public not to invest in such schemes. (AI-generated image)
Investors are targeted by a new wave of deepfalk fraud, in which fraudsters mislead investment schemes that promise astronomical returns using videos generated by AI. Despite government warnings and media reports, many continue to be victimized, the TOI report said. Experts will alert you, review the source of information, question unrealistic returns, and advise you to rely on reliable financial channels.
How fraud works
About 10 months ago, the Deepfake video was circulated on social media by Union Finance Minister Nirmala Sitharaman. In these manipulated clips, her face and voice appeared to support the supposed government-supported scheme. The pitch claimed that a deposit of just Rs 22,000 would result in Rs 50,000, which is guaranteed each month.
The offer was clearly too good to be true. You cannot generate such monthly returns. However, due to the professional compilation and misuse of the Minister of Finance's image, fraud appeared authentic enough to deceive unsuspecting citizens, TOI reported.
The government has repeatedly made clear that these videos were fake and warned the public not to invest in such schemes. Despite extensive media reports, including reports in newspapers and TV channels, some investors continue to fall prey to these scams.
Red flag Be careful
- Unrealistic Returns: Disproportionately high returns compared to investment amounts are clear indicators of fraud. For example, an investment of Rs 22,000 cannot safely generate Rs 50,000 per month. To obtain such a return, you need to invest at least 60-700,000 rupees in a safe instrument.
- Pressure to act quickly: Scammers create a false sense of urgency (“Offers valid only today”). Don't make financial decisions under pressure.
- Unverified source: The authentic government scheme will be announced at a press conference.
Pibb Release, or ministry website. Don't trust social media forwards, WhatsApp messages, or random videos. - It's so good that it's not true: Common sense is often the best defense. Ask how you calculate your return and verify your legitimacy before investing.
How to protect yourself
- Check the source of your investment offer.
- Check the official government website or trustworthy financial publications.
- Please consult your registered financial advisor or bank before transferring funds.
- Stay up to date with warnings from regulatory authorities such as SEBI and RBI.
As AI technology becomes more refined, Deepfake Scams is becoming increasingly threatened. Awareness, vigilance and verification are essential to preventing the victimization of these incorrect schemes.
