Investment Scam Alert: Deepfake Video Shows Indian FM Endorsing QuantumAl

Deepfake video scams are increasing nowadays. They are so clear and realistic that you cant differentiate what is real and what is artificial. Fraudulent brokers are using this to trap people.

One of the recent scams came to light in India, which is a serious fake investment scam, as the video shows the Finance Minister of India, Nirmala Sitharaman, promoting a fake broker, Quantum AI.

What is shown in Video?

In the videos, the broker claims that the platform asks for an initial investment of only ₹21,000 and promises huge returns — ₹60,000 per day and over ₹10 lakh per month. They also show Indian Finance Minister Nirmala Sitharaman appearing to support the scheme.

Indian Governments Response to the matter

Indian authorities have confirmed that neither Nirmala Sitharaman nor the government has approved or supported QuantumAl. They have advised people not to trust or spread these fake videos.

Indias Press Information Bureau (PIB) and other government sources have confirmed that fake videos were made using deepfake technology. Scammers changed the video and audio to wrongly show the finance minister supporting a trading platform.

RBI Alerts Public About Deepfake Investment Scams

The Reserve Bank of India (RBI) has warned people about fake videos on social media that show top officials, including the RBI Governor, giving financial advice or promoting investment schemes. These videos are made using deepfake technology and falsely suggest that the RBI supports these schemes.

In a press release, the Reserve Bank of India (RBI) stated that the circulating videos are fake and advised the public not to trust or interact with them. The RBI also emphasized that it does not give financial advice or endorse any particular investment schemes.

SEBI Issues Warning About Fraudulent Investment Activities

The Securities and Exchange Board of India (SEBI) has raised concerns over the widespread use of social media platforms to carry out fake investment scams.

SEBI SAID, “With increasing adoption of digital communication platforms, it is observed that scammers are enticing victims by giving trading calls in the name of providing education. They also provide misleading or deceptive testimonials, promises, or guarantees of assured or risk-free returns, etc., through various SMPs,”

How to Protect Yourself from Deepfake Frauds: Essential Tips

With the rise of AI-generated content, deepfake frauds have become a major online threat.

1. Verify the Source

Always check if videos or messages promoting investment schemes come from official and verified accounts.

2. Be Skeptical of Celebrity or Official Endorsements

Deepfakes often use faces of well-known personalities. Dont trust investment offers just because a public figure appears to promote them.

3. Check with Official Authorities

Cross-verify any financial scheme with reliable sources like the RBI, SEBI, or government websites before investing.

4. Avoid Clicking on Suspicious Links

Never click on unknown links or download apps from unofficial sources claiming to offer “quick returns.”

5. Use Trusted Security Software

Install reputable antivirus and anti-malware tools to protect against phishing and fraud attempts.

6. Stay Updated on Latest Scams

Follow updates from cybercrime units, banks, and financial authorities to stay aware of ongoing deepfake scams.

7. Report Fraud Immediately

If you come across a suspicious video or offer, report it to cybercrime.gov.in or your local police authorities.