Inside India’s Latest “AI Trading Revolution” That Turned Into a ₹150-Crore Disaster: The Ojasvi–WinsorFX Scam That Fooled 8,500 Investors (week 28th Nov 23 – 29)
Months back, thousands of Indians truly thought that they had found a golden ticket. A golden ticket is a chance to make money that could change one’s life through a platform that was powered by “artificial intelligence,” “forex automation,” and “smart trading bots.” The offer sounded like a new thing, was very attractive, and seemed to be perfectly fitting for a country that is going fast toward digital transformation.
However, it was a trick all the way through.
The Ojasvi Foundation WinsorFX network, only recently uncovered, is being referred to as a technologically most complex “AI + Forex” fraud case of a recent period. The figure of more than 8,500 people is the one who deposited their savings.
Crores were moved quietly through unlicensed channels. Presentations of a high quality, trips abroad, offices that look good, luxury cars – everything was staged to make the operation look like it was going
And when the operation finally broke, it was a story of loss, betrayal, and unanswered questions that the system left behind.
Read More: Iranian Hackers Launch ‘SpearSpecter’ Spy Operation Targeting Defense & Government AgenciesHow the Scam Hooked an Entire Community
How the Scam Hooked an Entire Community
The fraudulent scheme hinged on one of the most basic human traits: hope. Investors were led to believe that AI would be their trading agent, monitoring market changes, and making huge returns with almost no risk.
To fool users further, the platform also had an MLM-like system where the first investors were paid as it created a fake appearance of prosperity.
“Let AI work for you. Earn passively. Bring more people. Grow together.”
However, the core trading system that was used to execute the trades was essentially fake. The story goes that money was being recirculated within the system, digital wallets were being altered, and the money that belonged to the investors was being taken out of the country through unregulated means that were disguised as forex trading.
For many victims, the most painful part wasn’t just the financial loss it was the feeling of being outsmarted by a system that used technology as a disguise.
The Big Reveal: Cash, Digital Evidence & a Collapsing Web
The facade came down instantly when the authorities took action.
Money kept aside, foreign currency, expensive shopping receipts, digital transaction logs, crypto-based movements, everything indicated a very well organised, multi-layered type of operation. Police officials say that digital currencies worth several crores were shifted to different countries to evade rules by using the term “AI-enabled forex trading.”
The supposed geniuses had constructed a fanciful world for people to see from the outside, but it was decaying from the inside.
Why This Scam Worked So Well
Because 2025 is a year where AI hype is at its peak.
People want to believe in the future.
They want to believe in effortless profits.
They want to believe that technology can change their financial destiny.
And scammers know exactly how to use that optimism against them.
This is precisely why many experts argue that basic digital literacy and cyber-fraud awareness are no longer optional. Even a beginner-level cyber security course today teaches people how to evaluate online platforms, identify red flags, and verify financial claims before investing.
The harsh truth?
Most victims never stood a chance not because they lacked intelligence, but because they lacked protection.
What This Case Teaches Every Indian Investor
- Anything promising “guaranteed returns” using AI is a major red flag.
- Forex trading platforms must be regulated, if not, it’s a no-go.
- MLM-style payouts in investment schemes usually collapse without warning.
- Scammers use technology, luxury branding and social proof to gain trust.
- Digital scams are evolving far faster than public awareness.
This isn’t just a story of fraud, it’s a wake-up call for a country rapidly embracing online finance.
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