Canadian investors
Incidents Harmed By
Incident 12762 Report
Ottawa Couple Reportedly Loses CA$177,023 After Purported Deepfake Elon Musk Investment Scam
2023-10-01
A retired Ottawa couple, Doug and Victoria Lloyd, lost CA$177,023 after being lured by a purported deepfake video of Elon Musk promoting a fake investment platform. The deepfake allegedly led to prolonged social engineering, remote access to their computer, and fraudulent cryptocurrency transfers. The couple reportedly suffered major financial loss and ongoing debt. Police say recovery is unlikely.
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Reported AI-Generated Deepfake Videos Impersonating Elon Musk and Dragon’s Den Allegedly Used in Cryptocurrency Investment Scam Targeting Canadian Victims
2025-12-21
Two Canadian investors in Ontario and Prince Edward Island reportedly lost a combined $2.3 million after being deceived by purportedly AI-generated deepfake videos impersonating Elon Musk and the television program Dragon's Den. The reported videos and fabricated online dashboards allegedly persuaded the victims to transfer funds into a fraudulent cryptocurrency investment scheme that displayed fake profits and blocked withdrawals.
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