Six arrested for AI-powered investment scams that stole $20 million

Mumbai Man Loses Rs 61 Lakh In Investment Scam, 3 Arrested

The Mumbai police have arrested three persons for providing their bank accounts to cyber fraudsters, who duped a share trading professional of over Rs 61 lakh by promising attractive returns on investment, an official said on Tuesday.

Investment fraudsters steal £649 by pretending to be celebrity money experts

The allure of quick riches has cost Brits dearly, with £649m lost to investment fraud. Scammers are becoming more sophisticated, preying on trust and technology.

Six arrested for AI-powered investment scams that stole $20 million

Spain's police arrested six individuals behind a large-scale cryptocurrency investment scam that used AI tools to generate deepfake ads featuring popular public figures to lure people. [...]

Up to 208 people have been victims of a scam as persevering as it was perversely plotted. Three phases had this deception and the scammers knew that they had been deceived after the first one. Yet, the criminals had designed two more stages that made it difficult for the deceived to keep on biting a hook that consisted of continuing to pay a little more to recover the lost money. No one ever recovered anything, but those who followed to the end …

Mediafax According to DIICOT, the investigations revealed that, starting in August 2024, over 50 suspects, Romanian and foreign citizens, formed an organized criminal group with the aim of obtaining significant material benefits by misleading people interested in investing. Under the guise of a company, the group operated a call center specialized in contacting people from Canada, France, Belgium, Denmark and the Netherlands interested in invest…

A new fraud method in Spain. The police have called it the "romance scam". Criminals use the help of artificial intelligence and create fictitious identities to gain the trust of victims.