The film stars Arshad Warsi, Saurabh Shukla and Sara Loren, and features Deepali Pansare, Flora Saini and Nivedita Tiwari in supporting roles.

The soundtrack was composed by Sohail Sen, while Udai Prakash Singh handled the art direction.

When Bhola meets Payal, who is shown as a widow, he plans to con her but eventually falls in love with her.

He is bailed after a week by Tauji and Payal, who plans the next con but he ditches her at the end and takes away all the jewellery and cash.

Writing for Daily News and Analysis, Meena Iyer rated it one and a half stars out of five and opined, "Don't bother with this farce, fraud or whatever in cinema's name you would like to refer to this one as".

[8] Pallabi Dey Purkayastha of The Times of India rated the film one star out of five and concurred with Iyer, concluding, "Regardless of whether you enjoy con-man stories or you're a fan of Arshad's comedic talents, Fraud Saiyyan is not the kind of film that you should spend your time and effort on".