Pune man loses ₹1 crore in deepfake scam promising fake SpaceX shares

Mansi Agarwal, Published on Aug 4th, 2026

Pune man loses ₹1 crore in deepfake scam promising fake SpaceX shares

A 56-year-old Pune businessman lost ₹1.07 crore after scammers used a deepfake video of Finance Minister Nirmala Sitharaman to promote a fake investment platform offering "exclusive" SpaceX shares. The fraudsters built trust with fabricated profits and a fake advisor before convincing him to invest. Police have registered an FIR and launched an investigation.

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