Elderly investors
Incidents Harmed By
Incident 9073 Report
Taranaki, New Zealand Resident Allegedly Defrauded of $224K in Bitcoin Scam Using Deepfake of Prime Minister Christopher Luxon
2024-07-15
A Taranaki, New Zealand resident allegedly lost $224,000 in a Bitcoin scam involving a deepfake video reportedly depicting Prime Minister Christopher Luxon. The AI-generated video, shared on Facebook, purportedly promoted cryptocurrency investments targeting superannuitants. Scammers posing as financial advisers reportedly gained remote access to the victim’s computer and created accounts to facilitate the transfer of funds.
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Deepfake Elon Musk Videos Have Reportedly Contributed to Billions in Fraud
2024-08-14
Scammers used AI to create deepfake videos of Elon Musk promoting fraudulent investment opportunities. Over time, these scams have reportedly led to billions in investor losses. The deepfakes also use voice cloning technology. They have been distributed on social media and YouTube. In particular, they target the elderly, such as 82-year-old Steve Beauchamp, to invest significant sums. Despite efforts by platforms to remove these videos, the scams continue to proliferate.
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Tbilisi-Based Call Center Allegedly Uses AI-Driven Scripts to Defraud Over 6,000 Victims of $35 Million
2025-03-05
A large-scale AI-assisted financial scam, allegedly operated from Tbilisi, Georgia, used deepfake celebrity endorsements and manipulated victims through fraudulent trading dashboards that simulated high returns. Call center agents, trained with AI-driven persuasion tactics, convinced individuals to invest more money while falsely promising profits. Many reportedly lost their life savings, with the total losses reaching $35M across more than 6,000 victims.
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