Reported deepfake Super Bowl ad featuring Donald Trump allegedly leads to $500K wire transfer
According to investor fraud attorney David Meyer, an investor reportedly watched a deepfake video of Donald Trump during the Super Bowl promoting a crypto platform. The investor instructed their brokerage to wire $500,000, then called back to report it might be a scam, but the firm allegedly sent the money anyway.
Investor fraud attorney David Meyer discussed an active case where an investor reportedly saw a deepfake video of Donald Trump during the Super Bowl, which promoted a crypto platform. The investor then contacted their brokerage to initiate a $500,000 wire transfer to this platform. Minutes after the initial request, the investor reportedly called the brokerage again, expressing concern that the transfer might be part of a scam. Despite this warning, the brokerage firm allegedly proceeded with sending the money. Meyer highlighted this as a failure of brokerage firms to identify and prevent suspicious transfers, especially large sums directed to unknown crypto platforms, suggesting potential legal liability for the resulting loss.