
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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