‘It looked completely real’: Another victim speaks out on alleged FXSI deepfake scam - BizNews
A victim describes being lured into a fraudulent investment scheme by FXSI, which allegedly used deepfake-style advertising and sophisticated online tactics.
- Incident date
- May 2026
- Target
- FXSI
A new victim has come forward describing a fraudulent investment scheme perpetrated by FXSI. The company is accused of using deepfake-style advertising to lure victims.
What happened
The victim encountered the scheme through social media adverts that appeared credible and professionally produced, giving the impression of a legitimate investment opportunity. The scammers allegedly built trust over time through persistent communication and promises of significant returns, before pressuring the victim into depositing more money. The victim reported the matter to authorities, including the South African Police Service. The interview highlights the emotional toll and difficulties victims face after realising they have been deceived.