San Miguel Corp. (SMC) chairman and chief executive Ramon Ang issued a fresh warning to the public about the spread of fake videos and online ads that falsely use his name and image to promote fraudulent investment schemes.
Many of these videos appear as paid ads on Facebook, Instagram and other social media platforms, SMC said in a statement. Some are made to look like real news reports—featuring well-known media personalities, interviews or even the logos of legitimate news outlets. These scams use advanced technology like deep fakes to mislead people, it said.
“These fraudulent ads are harming a lot of people. We need to put a stop to them. I’m calling on government agencies, social media companies, and the public to work together to stop those behind these scams and prevent others from getting victimized,” said Ang.
“Please don’t fall for these. I am not endorsing any investment schemes. I do not promote, support, or take part in any kind of online investment offer,” said Ang.
