How AI is Making “Pump and Dump” Investment Scams Easy for Criminals
The Perfect Scam
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The Dark Side of Celebrity-Endorsed Investments
This chapter explores the rise of investment scams fueled by celebrity endorsements, focusing on figures like Elon Musk and Jeff Bezos. It discusses the tactics used by scammers to manipulate human psychology, including creating an illusion of exclusivity and community, and the challenges in regulating these schemes globally. Additionally, the chapter highlights the evolution of pump and dump scams in the digital age and the risks faced by ordinary consumers drawn into fraudulent investment opportunities.
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