BizNews tribe member duped by deepfake Alec Hogg loses R24,000 in scam

Summary

A South African individual was deceived by a deepfake video of Alec Hogg appearing on the "Carte Blanche" platform, leading to a financial loss of R24,000. The victim engaged with a scam involving an online trading platform called FXSI, where they were initially attracted by a convincing video advertisement and professional-seeming account managers. The scam involved high-pressure tactics encouraging larger deposits and then pushing the victim to pay more to recover supposed losses. As a result, the victim lost R24,000 in the AI-powered investment scam.