Authorities have issued a warning about a fraudulent ‘Quantum AI’ investment scheme that falsely uses the name of Nirmala Sitharaman.
The scam claims to offer a monthly income of ₹3,00,000 in return for an initial investment of ₹22,000, targeting unsuspecting citizens.
According to Press Information Bureau Fact Check, the claims associated with the scheme are entirely fabricated.
SCAM ALERT!
Fraudsters are running a ‘Quantum AI’ investment scheme, in the name of Union Finance Minister @nsitharaman, promising citizens a monthly income of ₹3,00,000 against an initial investment of ₹22,000. #PIBFactCheck:
❌ This is #Fake.
✅ Neither the Union… pic.twitter.com/ywOzwnKebs
— PIB Fact Check (@PIBFactCheck) May 24, 2026
Officials have confirmed that neither the Finance Minister nor the Government of India has endorsed any such platform or investment opportunity.
Authorities have strongly advised citizens to exercise caution when encountering such offers online.
Fraudsters often use the names of prominent public figures and government institutions to create a false sense of legitimacy and lure individuals into financial traps.
The fraudulent scheme typically circulates through suspicious links and online advertisements, promising unrealistic returns within a short period. Such tactics are commonly used to exploit individuals seeking quick financial gains.
Citizens are encouraged to report suspicious content or platforms that misuse the name of the Government of India or its officials. They should promptly alert authorities to help prevent further misuse and protect others from potential fraud.
Prompt reporting can help authorities take swift action against such fraudulent activities.
Experts recommend verifying the authenticity of any investment opportunity before committing funds. Individuals should avoid clicking on unknown links, sharing personal details, or making payments without proper verification.
The government continues to raise awareness about rising digital fraud cases and urges the public to remain cautious.
Staying informed and alert is key to preventing financial losses and ensuring online safety.
Also Read: PIB Fact Check: No Free Laptop Scheme Announced By Central Government
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