Boardroom Talk: Deepfakes, boiler rooms, and bully tactics – The truth about FXSI

Boardroom Talk: Deepfakes, boiler rooms, and bully tactics – The truth about FXSI

From BizNews Radio by BizNews

May 5, 2026 · 15 min

About this episode

Alec Hogg exposes the AI-powered FXSI scam involving deepfake footage and fraudulent trading schemes.

In this episode of Boardroom Talk, BizNews editor Alec Hogg exposes the AI-powered FXSI scam that used deepfake footage of him and President Cyril Ramaphosa on a fake Carte Blanche set to lure unsuspecting South Africans into a fraudulent trading scheme. After BizNews interviewed an anonymous victim who lost more than R24,000, lawyers claiming to act for FXSI demanded the article and podcast be removed. Hogg’s response: no.

People in this episode

Host: Alec Hogg

Guest: Anonymous victim

Topics covered

  • deepfakes
  • fraud
  • trading schemes
  • scams
  • legal issues

Keywords

  • deepfake
  • FXSI
  • scam
  • trading
  • fraud
  • Alec Hogg
  • Cyril Ramaphosa
  • Carte Blanche

Mentioned in this episode

Organizations: FXSI, Carte Blanche

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