Bank of Ghana and SEC Warn Public Against Daily Wealth Guide Crypto Scam Using Mahama's
The Bank of Ghana and the Securities and Exchange Commission have issued a joint warning against a fraudulent crypto scheme called Daily Wealth Guide. The scammers are using a deepfake video of President John Dramani Mahama to falsely endorse the platform.
Why it matters
The use of AI-generated deepfakes of political figures to facilitate financial fraud represents a growing threat to public trust and financial security.
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The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have jointly warned Ghanaians to stay away from a crypto investment scheme operating under the name "Daily Wealth Guide", which they have described as fraudulent.
In a joint statement , the two regulatory bodies cautioned the public against depositing money with the operators of the platform, saying those behind it are engaged in illegal deposit-taking activities.
Bank of Ghana and SEC Warn Public Against Daily Wealth Guide Crypto Scam Using Mahama's Source: Facebook The BoG and SEC said individuals running the platform have been enticing members of the public with promises of high financial returns, a common tactic used by fraudulent investment schemes.
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