HISPI Project Cerebellum HISPI PROJECT CEREBELLUM

Purported Deepfake Scam Videos Depict JG Summit Holdings President and CEO Lance Gokongwei Allegedly Endorsing Illicit Investments

July 11, 2025

The Securities and Exchange Commission of the Philippines has cautioned against deepfake scam videos purportedly featuring Lance Gokongwei, President and CEO of JG Summit Holdings. In these clips, Mr. Gokongwei allegedly endorses fraudulent crypto and forex investments. Victims are reportedly misled into providing credit card information and OTPs on a suspect platform based in Cyprus.

This underscores the importance of responsible AI governance, especially as it pertains to deepfakes. Such incidents highlight the need for safeguards in AI practices and demonstrate how Project Cerebellum's AI incident database can help prevent harm and set guardrails for AI. To learn more about how you can contribute to safe and secure AI practices, JOIN US.

Additionally, this incident maps to the HISPI Project Cerebellum TAIM (Measure) function by providing insights into the risks and impacts of deepfakes.

Matched TAIM controls

Suggested mapping from embedding similarity (not a formal assessment). Browse all TAIM controls

Alleged deployer
unknown-scammers-impersonating-lance-gokongwei, unknown-scammers
Alleged developer
unknown-deepfake-technology-developers, unknown-voice-cloning-technology-developers
Alleged harmed parties
lance-gokongwei, jg-summit-holdings, general-public-of-the-philippines

Source

Data from the AI Incident Database (AIID). Cite this incident: https://incidentdatabase.ai/cite/1148

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.