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New Zealand Financial Markets Authority (FMA), Te Mana Tātai Hokohoko, Reportedly Flags Purported Deepfake Pump-and-Dump Network Using Social Media Ads

AI Incident Database · article · Oct 6, 2025 · UTC

The New Zealand Financial Markets Authority (FMA), Te Mana Tātai Hokohoko, reportedly warned of a global AI-enabled "pump-and-dump" scam that used purported deepfake videos of prominent New Zealand business leaders in Facebook and Instagram ads to lure investors into fake WhatsApp investment groups. Victims were allegedly urged to buy low-value foreign shares to inflate prices, then defrauded through a follow-on "recovery" scam.

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recordType
incident-report
evidenceStatus
reported
region
Global

Reported occurrence date: 2025-08-19T00:00:00.000Z

Evidence & attribution

AI Incident Database, Responsible AI Collaborative; McGregor (2021), Preventing Repeated Real World AI Failures by Cataloging Incidents. Incident-specific contributor credits are available at each citation link. Metadata adapted; article text excluded.

License: CC BY-SA 4.0

First collected: 2026-09-19T22:50:59.123Z. This is not the publication date.

Observed changes

AIIC observation times, not verified publisher revision times. Up to eight recent revisions.

2026-09-20T23:22:28.549Z

  • publishedAt: Not provided2025-10-06T00:00:00.000Z