Lured by a deepfake video, retiree lost over $4,000 in an investment scheme
Investment scams recorded the highest amount of losses, at about $145.4 million, in the first half of 2025.
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Abstract:A fake video showing former Penang Chief Minister Lim Guan Eng promoting an investment scheme has started spreading online. Lim has come forward to say the video is not real and was made using artificial intelligence (AI).

A fake video showing former Penang Chief Minister Lim Guan Eng promoting an investment scheme has started spreading online. Lim has come forward to say the video is not real and was made using artificial intelligence (AI).
Now the Air Putih assemblyman, Lim made it clear he has never asked anyone to invest in anything. He explained that he is a politician, not a businessman, and does not promote financial products. The video, he said, is completely fake.
The video appears to be based on an old interview from more than ten years ago. The original was in English, but the fake version is in Mandarin. This change is suspicious, Lim pointed out, especially because the other person in the video, Ooi Kee Beng of Penang Institute, does not even speak Mandarin. Lim said this was a clear sign the video had been edited.


The fake video was made to look recent and believable, which could trick people into thinking it is real. Lim has reported the case to the Malaysian Communications and Multimedia Commission, hoping it will stop the video from spreading further.
He also warned the public to be careful of investment messages or videos shared on apps like WhatsApp. He reminded people to always check with official sources before trusting anything that appears online.
Lim revealed that this is not the first time he has been targeted. It is actually the fifth time someone has used fake videos of him for scams. While earlier attempts were easier to spot as fake, the latest video looks more real and could fool more people. He said this is especially dangerous for older people or those who trust him as a public figure.
He believes scammers are now using well-known names and faces to gain peoples trust and trick them into giving money. Lim said this is why he had to speak out—to stop others from falling for these scams.
He ended by saying that the public needs to learn more about AI and how scammers use it. People should learn how to spot fake videos and messages, and always check the facts before acting on them.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Investment scams recorded the highest amount of losses, at about $145.4 million, in the first half of 2025.

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