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An Ontario woman is sharing her story after she invested over $900,000 in a cryptocurrency platform that turned out to be fake.
It was in the summer of 2025 when 86-year-old Judy Skene of Sault St. Marie, Ont., came across a deepfake video of Prime Minister Mark Carney promoting a crypto investment platform.At the time, Skene clicked the link, signed up, and made an initial investment.
“I saw an ad on Facebook of Mark Carney telling me if I invested $350 Canadian, it would be backed by the Bank of Canada,” Skene said.
Following the initial investment, she received a phone call from someone claiming it had already tripled in value. Over the next few months, she invested everything she had, even taking out a mortgage on her condo.
“So I agreed to put a mortgage of $300,000 on my condominium,” Skene told CTV News.
In a fake investment account it appeared her money had almost doubled, but in reality, she was defrauded of $900,000.
“Once I did the final payment, there was no more conversation and all my money was gone,” said Skene.
When Pat Probert learned of what happened to Skene, he stepped in to help his friend while she was in a very distraught situation. It came to a point where Skene felt like taking her own life.“Her condo fees were bouncing, the insurance payments on her condo and her car were bouncing,” Probert said.
He told CTV News he also wants to warn others about investment fraud.
“If you know a senior that’s alone, reach out to them make sure someone is on a bank account as their emergency contact,” Probert said.
Investment frauds have been around for a long time, but with artificial intelligence getting better, it’s hard to tell which videos are real and which ones are fake.
The ‘deepfake’ videos that appear on social media are usually showing endorsements by celebrities and politicians, including Carney and former prime minister Justin Trudeau.
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