A person in Northern Ireland was scammed out of £250,000 (approximately €291,000) by what police have described as a "sophisticated" AI-generated investment fraud. It began after the Co Down-based victim responded to an online video featuring a well-known personality from the financial sector. It offered an investment opportunity with "significant" returns. After the victim had invested a relatively modest amount, they were contacted via Whatsapp and encouraged to put in more.

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[–] 9 points 2 months ago* (last edited 2 months ago) (1 child)

If they had the money to invest a quarter of a million into something they did not understand, I would not call them victims. Idiots, maybe, but not victims.

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  • [–] 3 points 2 months ago

    Eh, if you have savings, and family you can borrow money from, and a line of credit, then a quarter million is doable.

    People who fall for these scams don't invest only what they can afford to lose, they invest all the funds they can mobilize.

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