
Aussie bloke is conned out of entire $130,000 life savings in terrifying new AI scam
An Aussie has lost his life savings after fraudsters used a deepfake video of Nick Cave to convince him to invest $130,000 in a phoney crypto scam.

An Aussie has lost his life savings after fraudsters used a deepfake video of Nick Cave to convince him to invest $130,000 in a phoney crypto scam.

Australians could see fewer deepfake images of celebrities being hauled off in handcuffs, or promoting a fraudulent cryptocurrency investment on Facebook, after Meta launched a new one-stop shop for banks to share information on scams that has blocked 8,000 pages and 9,000 celebrity scams in its first six months of operation.

Meta’s platforms, the tech giant boasts, give billions of people a voice, and it claims to be “taking action to keep our platforms safe and inclusive for everyone”. Including criminals fleecing other users, evidenced by the experience of Westpac and its customers. The big four bank has accused the owner of Facebook, Instagram and WhatsApp of failing to deal with a scam and fraud epidemic by failing to deal with fake posts

Applied to online scams that fleeced $2.7bn from Australians last year, the adage “caveat emptor” “let the buyer beware” has never mattered more. And it has never been as inadequate against overseas organised crime syndicates using sophisticated technology few of us understand.

A scammer paid Facebook’s parent company $7,000 to reach up to 100,000 people in Australia with a deepfake A Current Affair video featuring altered versions of Jim Chalmers, Dick Smith, Andrew Forrest and Gina Rinehart, data reveals. Smith issued a warning to the public earlier this week after a video began circulating on Facebook and Instagram in recent weeks. The video was designed to appear like a segment on A Current Affair, featuring host Ally Langdon seemingly interviewing the treasurer and the rich listers about an investment opportunity.

PROMINENT businessman Dick Smith was scrolling through Instagram when came across a video of himself doing an interview with A Current Affair. In the video he was urging people to join a scheme to earn up to $40,000 with an initial investment of $350.He has also urged people to not buy anything from social media ads and for the government to step in to regulate the online advertising. “It’s just a complete fraud. It’s false. I’m very angry that Facebook and Instagram run these ads, which I understand are from criminal gangs, they run them continuously.

Electronics mogul Dick Smith has taken aim at Facebook for failing to stop deepfake videos using his identity in scam advertisements. One video, which appears to be a segment from Nine’s ‘A Current Affair’, features interviews with Smith, Treasurer Jim Chalmers and billionaires Andrew Forrest and Gina Rinehart. Rinehart has already written to Meta in a bid to stop scam ads on Facebook and Instagram.

Australia’s richest person, Gina Rinehart, has accused Mark Zuckerberg of doing nothing to stop the promotion of scams and “deceptive content” on his social media platforms, including Facebook and Instagram. Mrs Rinehart has personally written to the Meta chief executive to alert him to “numerous scammers” falsely using her name and identity online to “fraudulently solicit money from vulnerable people”.