HISPI Project Cerebellum HISPI PROJECT CEREBELLUM

Alleged Deepfake Scam Reportedly Promoted Trump Golden Eagles Project as Investment Opportunity

February 1, 2025

Reports emerged of an AI-generated scam falsely advertising the Trump Golden Eagles Project as a lucrative investment opportunity. Deepfake videos, allegedly featuring Donald Trump, Bank of America CEO Brian Moynihan, and Elon Musk, claimed that buyers could exchange collectible coins for cash or Tesla stock. A Bay Area veteran reportedly lost $2,500 under the assumption of earning millions. The scam is said to have circulated through Telegram, with Bank of America denying any involvement. This incident underscores the importance of trustworthy AI governance and safe and secure AI practices. For those interested in shaping a future where AI incidents like this can be prevented, we invite you to join HISPI Project Cerebellum – our initiative focused on the Govern, Map, Measure, and Manage aspects of AI Incident Database.
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Matched TAIM controls

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Alleged deployer
unknown-scammers-behind-the-trump-golden-eagles-scam, telegram-based-financial-scam-network, fraudulent-investment-scheme-operators, unknown-scammers
Alleged developer
unknown-deepfake-technology-developers, unknown-ai-voice-cloning-developers
Alleged harmed parties
wesley-skelton, tesla, spacex, public-trust-in-financial-institutions, elon-musk, donald-trump, brian-moynihan, bay-area-residents-targeted-by-trump-golden-eagles-scam, bank-of-america, general-public, general-public-of-the-united-states, truth, epistemic-integrity

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/920

Data source

Incident data is from the AI Incident Database (AIID).

When citing the database as a whole, please use:

McGregor, S. (2021) Preventing Repeated Real World AI Failures by Cataloging Incidents: The AI Incident Database. In Proceedings of the Thirty-Third Annual Conference on Innovative Applications of Artificial Intelligence (IAAI-21). Virtual Conference.

Pre-print on arXiv · Database snapshots & citation guide

We use weekly snapshots of the AIID for stable reference. For the official suggested citation of a specific incident, use the “Cite this incident” link on each incident page.