How can AI be used in investment fraud scams?

AI is increasingly being used in investment fraud scams, where fraudsters exploit the technology's complexity and popularity to deceive investors. Scammers often make unrealistic claims about AI's ability to guarantee high returns with little risk, using tactics like deepfake videos and fake AI trading systems to lure victims. Regulatory bodies like the SEC and FINRA have issued warnings about these scams, emphasizing the importance of skepticism towards claims that sound too good to be true FINRA, DISB.