Ramon Ang warns public about deepfake investment scam

On Tuesday, billionaire Ramon Ang warned the public about a deepfake video falsely depicting him endorsing an investment opportunity.

Ang stated unequivocally that he has never endorsed any such investments and urged people to be cautious of fraudulent posts using old interviews or photos.

The false claims suggest that Ang endorses investments promising weekly returns ranging from $1,000 to P175,000.

He advised the public not to engage with individuals claiming affiliation with San Miguel Corp. without proper verification and to report suspicious accounts.

Ang emphasized the importance of verifying information through official channels and called for action to stop deepfake scams before more people are victimized.

The tycoon, ranked fourth in Forbes' 'Philippines' 50 Richest List' in 2024, also leads San Miguel Corp., which reported a net income of P37.1 billion in the first nine months of 2024.

Ang urged people to stay vigilant and protect themselves by not engaging with or investing in these scams and to report them when encountered.