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Incident 1271: Purported Deepfake of Greek Finance Minister Kyriakos Pierrakakis Reportedly Used in Facebook Investment Scam

Description: Greek Finance Minister Kyriakos Pierrakakis and the Ministry of Economy and Finance reportedly filed a lawsuit against unidentified operators of a Facebook page that allegedly used AI to generate a deepfake video falsely depicting the minister endorsing fraudulent "high-yield" investment schemes. Authorities noted this follows similar deepfake-driven scams in Greece involving impersonation of public figures for illicit financial gain.

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Alleged: Deepfake technology developers and Synthetic audio generation technology developers developed an AI system deployed by Scammers impersonating Kyriakos Pierrakakis and Scammers, which harmed Kyriakos Pierrakakis , Government of Greece , Ministry of Economy and Finance of Greece , General public , General public of Greece , Greek investors , Investors and Epistemic integrity.
Alleged implicated AI systems: Facebook , Facebook advertising system , Social media platforms , Deepfake technology and Synthetic audio generation technology

Incident Stats

Incident ID
1271
Report Count
1
Incident Date
2025-11-14
Editors
Daniel Atherton
Applied Taxonomies
MIT

MIT Taxonomy Classifications

Machine-Classified
Taxonomy Details

Risk Subdomain

A further 23 subdomains create an accessible and understandable classification of hazards and harms associated with AI
 

4.3. Fraud, scams, and targeted manipulation

Risk Domain

The Domain Taxonomy of AI Risks classifies risks into seven AI risk domains: (1) Discrimination & toxicity, (2) Privacy & security, (3) Misinformation, (4) Malicious actors & misuse, (5) Human-computer interaction, (6) Socioeconomic & environmental harms, and (7) AI system safety, failures & limitations.
 
  1. Malicious Actors & Misuse

Entity

Which, if any, entity is presented as the main cause of the risk
 

Human

Timing

The stage in the AI lifecycle at which the risk is presented as occurring
 

Post-deployment

Intent

Whether the risk is presented as occurring as an expected or unexpected outcome from pursuing a goal
 

Intentional

Incident Reports

Reports Timeline

Incident OccurrenceGreek Finance Minister Sues Facebook Page Over Deepfake Investment Scam
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Greek Finance Minister Sues Facebook Page Over Deepfake Investment Scam

Greek Finance Minister Sues Facebook Page Over Deepfake Investment Scam

greekcitytimes.com

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Greek Finance Minister Sues Facebook Page Over Deepfake Investment Scam
greekcitytimes.com · 2025

A lawsuit accuses unknown Facebook page administrators of using AI-generated deepfakes to falsely portray the minister promoting fraudulent "high-yield" investment schemes.

Greece's Ministry of Economy and Finance, along with Minister Kyria…

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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