EPISODE · May 5, 2026 · 15 MIN
Boardroom Talk: Deepfakes, boiler rooms, and bully tactics – The truth about FXSI
from BizNews Radio · host BizNews
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.
What this episode covers
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.
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Boardroom Talk: Deepfakes, boiler rooms, and bully tactics – The truth about FXSI
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