Associated Incidents
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At least 5,000 small savers have been conned out of a total of half a billion kronor, through so-called 'pump and dump' share scams on social media.
The fraudsters use deepfake scam ads using well-known financial figures to lure savers into making investments that end in large losses.
Swedish financial journalist Gabriel Mellqvist is one such profile whose identity has been deepfaked using AI to con investors and he's frustrated that his professional reputation is being damaged.