Complex investment scams are leveraging AI-generated virtual characters, fake press releases, and social media manipulation to create sophisticated, seemingly credible online personas for financial experts like "Sebastian Haseley" who do not actually exist. These scams are often orchestrated by organized crime networks that use platforms like TikTok and Facebook to run targeted ads, produce fake news through low-cost news agencies, and spread false information on forums to build trust. Their ultimate goal is to carry out classic "pump and dump" schemes, enticing victims to buy stocks with low liquidity that scammers have already held. Experts warn that the scale and complexity of these scams, including the potential use of these fake data to train AI language models, require increased public vigilance and cross-industry coordination to combat.

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