Mumbai Police Bust Massive Deepfake Investment Scam with China Connections: How Criminals Used Fake Videos of Market Experts to Steal Crores

Oct 19, 2025 01:12 am CST

Mumbai Police have dismantled a sophisticated cybercrime operation that used deepfake videos of prominent market analysts to defraud investors. The scam, linked to Chinese cybercriminals, involved a digital marketing company illegally selling Facebook Ad IDs, resulting in victims losing crores through fake investment schemes on WhatsApp and Telegram groups. Four individuals have been arrested in connection with the fraud that came to light after a SEBI-registered analyst reported counterfeit videos of himself circulating online.