Purported Deepfake Scam Videos Depict JG Summit Holdings President and CEO Lance Gokongwei Allegedly Endorsing Illicit Investments

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.