BSE Warns of Deepfake CEO Scam: Investors Beware
BSE cautions investors against a fraudulent deepfake video of its CEO giving false stock tips. The unauthorized video, circulated on social media, is misleading and promotes unrealistic profits. BSE aims to remove the fake content and advises relying only on official communication for investment information.
- Country:
- India
The Bombay Stock Exchange (BSE) has issued a warning to investors regarding a deepfake video circulating online. The video fraudulently features BSE's CEO, Sundararaman Ramamurthy, providing unauthorized stock recommendations.
BSE emphasized the video is misleading, promoting unrealistic investment returns and urging viewers to join a WhatsApp group. These claims are entirely fabricated, aiming to deceive the public.
The exchange is actively working to remove the video from social media platforms and pursue legal action against those behind its creation. Investors are advised to consult only official BSE communication channels for reliable market information.
(With inputs from agencies.)
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