What changed
Shanghai Putuo police detained a man identified as Jiang on suspicion of fraud after he allegedly borrowed more than 1.7 million yuan from three friends over several years, beginning in 2019.
He reportedly invented emergencies including his father’s cancer treatment, funeral expenses, company cash-flow problems and investment opportunities. To make one lie feel real, police said he used AI to create a video showing his father seriously ill. The money was almost entirely lost in stock trading.
Why it matters
This was not a single desperate request. It was a borrowing scheme that kept changing shape as the debt grew: investment, marriage and housing, business trouble, then illness and death. The AI video added a convincing visual prop to a story built on personal trust.
The money also did not disappear into the purposes Jiang described. Police said he used it to keep trading stocks and try to recover losses from his own capital. That turned friends into unwilling financiers of a mounting gamble, while each new excuse delayed the moment they could see the full picture.
Jiang remains detained while the case is investigated. The final charges, any recovery of the money and the court outcome have not yet been reported.
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