AI investment scams: New York issues official alert, losses reach $8 billion
The New York State Department of State's Division of Consumer Protection has warned of a surge in AI investment scams, and a Hungarian report puts losses from the scams at $8 billion. Other sources point to deepfake videos, fake experts and fake trading platforms.
Who is affected and how
- retail customer
- Before investing, check the platform and the firm's licence in an official register.
- banking professional
- For unusual transfers to a platform, consider warning the customer.
Sources
- CONSUMER ALERT: NYS Department of State’s Division of Consumer Protection Warns New Yorkers of a Surge in AI Investment Scams | Department of Statedos.ny.gov · Aug 26, 2026
- NYS Department of State’s Division of Consumer Protection Warns New Yorkers of a Surge in AI Investment Scamseinpresswire.com · Aug 27, 2026
- New York warns about fake cryptocurrencies and artificial intelligence as fraud losses reach 8 billion dollars – Bitcoin Newsnews.bitcoin.com · Aug 29, 2026 · magyar
- Investment scams surge: how deepfakes and dodgy finfluencers put your money at riskwhich? · Aug 26, 2026
- Investment scams surge: how deepfakes and dodgy finfluencers put your money at risk - Which?which.co.uk · Aug 26, 2026
- AI Investment Scams: Deepfake Videos and Fake Profitsdetectvideo.ai · Aug 26, 2026 · magyar
- New York Warns of $8 Billion Investment Scams Using AI and Fake Crypto, Up 38% from 2024 | Gate Newsgate.com · Aug 27, 2026 · magyar
- Financial Fraud: fake media and celebrities - Alert Aug 2026arnaqueoufiable.com · Aug 28, 2026 · magyar
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