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Don’t Trust Fake Elon Musk Encouraging You to Invest, Warns Regulator
A new scam targets online investors by using fake news articles and deepfake videos of celebrities and public figures, including Elon Musk, to promote fraudulent online trading platforms. The Australian National Anti-Scam Centre (NASC) has issued a warning to consumers to be wary of these scams, especially on social media, where they often appear as sponsored posts or ads. According to the NASC, Australians lost more than $8 million to online trading platform scams last year, with 400 reports made to Scamwatch. The scammers create fake news articles and deepfake videos, which are manipulated to make it seem like the ... (full story)