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A fraudulent Facebook advert displays a genuine news report about Nvidia, but follows with faux statements of stock insights from its CEO Jensen Huang
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By Yao Yue-hung 
and Jason Pan / Employees reporters
The Criminal Investigation Bureau (CIB) has contacted Meta, the father or mother enterprise of Facebook, to take away bogus commercials marketing “Jensen Huang’s stock investment decision chat team.”
Jensen Huang (黃仁勳), the Taiwanese-American CEO of Nvidia Corp, was in the media highlight during a visit to Taiwan final week.
Citing accelerating synthetic intelligence applications, Nvidia on Might 24 reported that its revenue this quarter would get to US$11 billion, soaring 64 percent from a 12 months before and beating a sector estimate of US$7.2 billion, which caught quite a few sector analysts off guard. 
Photograph: Monitor grab from Fb
The GPU designer posted extra than US$2 billion in web earnings and US$7 billion in revenue for the initially quarter, both topping Wall Road expectations.
CIB officers mentioned the Fb ad was plainly fabricated, but it was nevertheless circulated broadly and has led to problems that the social media platform was undertaking nothing at all to curb the spread of faux advertisements.
“Scammers are great at pursuing the hottest tendencies,” a CIB formal mentioned on issue of anonymity. 
The CIB claimed the ad was titled “Jensen Huang, Taiwan’s native-born child,” and was accompanied by genuine info about Nvidia’s second-quarter forecast boosting the stocks of AI corporations.
Nevertheless, the upcoming element of the advertisement was designed up by the scammers, which explained: “We thank people for their aid. Now, with monetary experts, we have set up a stock industry expense chat group to share updates on every day stock movements and suggestions on when to buy and offer. We hope absolutely everyone can gain on the stock marketplace,” the CIB mentioned.
CIB officers reported some men and women could possibly have difficulty discerning the fraudulent advertisement from real promotions. 
“We are working to prevent people today falling for this sort of cons. We have set up an anti-fraud device to enable people distinguish real news from fake information,” the CIB official claimed.
The bureau stated it would treat the posting of pretend advertisements as a criminal offense. 
It urged folks to make contact with the CIB’s “165” anti-fraud hotline to report bogus financial commitment news and ripoffs. 
Extra reporting by CNA
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