Description: The Securities and Exchange Commission of the Philippines reportedly warned of deepfake scam videos and audio purportedly depicting Lance Gokongwei, President and CEO of JG Summit Holdings, endorsing fraudulent crypto and forex investments. Victims are reportedly tricked into entering credit card details and OTPs on a platform allegedly based in Cyprus.
Entities
View all entitiesAlleged: Unknown deepfake technology developer and Unknown voice cloning technology developer developed an AI system deployed by Unknown scammers , Unknown fraudsters and Unknown scammers impersonating Lance Gokongwei, which harmed Lance Gokongwei , JG Summit Holdings and General public of the Philippines.
Alleged implicated AI systems: Unknown voice cloning technology developer and Unknown deepfake technology
Incident Stats
Incident ID
1148
Report Count
1
Incident Date
2025-07-14
Editors
Daniel Atherton
Incident Reports
Reports Timeline
Deceptive materials have been circulating in social media platforms, aiming to mislead individuals into investing in non-existent or illicit ventures.
The Securities and Exchange Commission warns the public that scammers have been utilizing…
Variants
A "variant" is an AI incident similar to a known case—it has the same causes, harms, and AI system. Instead of listing it separately, we group it under the first reported incident. Unlike other incidents, variants do not need to have been reported outside the AIID. Learn more from the research paper.
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