ChatGPT alert helps Bengaluru senior citizen uncover Rs 67 lakh pre-IPO investment fraud
BENGALURU: A 77-year-old senior citizen has approached the cybercrime police after discovering that he was allegedly cheated out of more than Rs 67 lakh in the guise of lucrative pre-IPO stock market investments. The fraud came to light after the victim checked the firm’s credentials using ChatGPT, which flagged multiple warning signs.
According to police, the victim, a resident of Binnypet, was contacted in November 2025 by a man identifying himself as Yatin Shah, who claimed to be an adviser with IIFL Wealth Management.
