DeepfakeHigh
Purported Deepfake Scam Videos Depict JG Summit Holdings President and CEO Lance Gokongwei Allegedly Endorsing Illicit Investments
- Occurred
- Jul 11, 2025
- Published
- Jul 11, 2025
- Source
- AI Incident Database
Summary
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.
Developers
- Deepfake technology developers
- Synthetic audio generation technology developers
Deployers
- Unknown scammers impersonating Lance Gokongwei
- Scammers
Harmed parties
- Lance Gokongwei
- JG Summit Holdings
- General public of the Philippines
Tags
- deepfake
- impersonation
- scam
- fraud
- Philippines
- social engineering
Classification
Category confidence: 95%
Severity confidence: 90%
Rationale: Deepfake technology used to impersonate CEO for financial fraud causing significant financial harm.
Classifier: Qwen/Qwen3.5-35B-A3B-FP8