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Scams Reportedly Impersonating Wealthy Investors Proliferating on Facebook

Scams are reportedly proliferating throughout Facebook impersonating wealthy individuals such as Bill Ackman, Cathie Wood, Steve Cohen, Peter Lynch, and Ray Dalio. In some cases, it seems deepfake technology is being employed, while simultaneously Facebook's own AI systems are allegedly faltering in their ability to halt the spread of these fraudulent ads despite being reported.

Severity: MediumFraud

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