A California regulator has taken action against purported crypto firms claiming they used AI and actors to impersonate CEOs.
According to the regulator two of the firms even faked their CEOs. The purported technology firm Maxpread is alleged to have used an AI-generated avatar called “Michael Vanes” to act as CEO and market its products, with the supposed avatar appearing in YouTube promotions.of having hired an actor to play the role of its CEO, Markus Peters. The DFPI said Harvest described Peters as being the “leader” and “main generator of ideas.
The DFPI noted the entities “went to great lengths to appear as if they were legitimate businesses” saying they created professional websites, social media accounts andThe websites for both Harvest Keeper and Coinbot are down but the websites for the other three firms remain online. Visque Capital offers a range of investment plans on its website, the most expensive plan claims investors would see returns of up to 3% per day.Based on an initial investment of $50,000, the plan would supposedly give investors a return of around $270,000 after the full 180 days.The DFPI alleges the schemes would seem to be working well initially, with early withdrawals processed and account balances steadily increasing.
Eventually, however, withdrawals would not be processed and the website would go offline, leaving investors with no way to access their funds. Cointelegraph contacted Maxspread, Visque and Harvest Keeper for comment but did not immediately receive a response. Coinbot and Quantfund could not be reached for comment.
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