International Container Terminal Services, Inc. (ICTSI) has issued a public advisory warning about a deepfake scam impersonating Chairman Enrique K. Razon Jr. and other executives to promote fraudulent investment schemes.
The scam involves manipulated videos and audio recordings, which often appear as paid advertisements on social media platforms like Facebook and Instagram, falsely showing Razon endorsing investment opportunities.
ICTSI has strongly stated that neither Razon nor the company has authorized or endorsed any of these investment schemes, calling the claims entirely untrue.
The fraudulent content is designed to be convincing, making it crucial for the public to exercise caution when encountering online materials related to ICTSI or the Razon Group.
ICTSI advises the public to verify information through official company channels, such as their website and verified LinkedIn page, and refrain from sharing personal or financial details with unknown entities.
The company also urges individuals to report any suspicious content or impersonation attempts to the respective social media platforms.
San Miguel Corp. executive Ramon S. Ang has also made a similar plea to the public.
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