AI-generated videos of Donald Trump and Elon Musk convince people to buy fake gold coins and become millionaires; several MAGA faithful taken for a ride
Recent reports have revealed that AI- generated videos of US President Donald Trump and Tesla CEO Elon Musk have reportedly ended up convincing several people to eventually buy fake gold coins and then become millionaires.

According to Independent, several victims were actually promised that by purchasing golden eagle coins, they could become ‘Trump-made millionaires’ with various claims that these coins could be traded at Bank of America for substantial returns which will be allegedly worth $110,000 each. Marine veteran Wesley Skelton who is from Pittsburg located in California ended up purchasing 324 coins while hoping that it would make around $35 million.
However, upon subsequent investigation, it was eventually revealed that the coins were not made of real gold or silver and actually held little to no value. Marine veteran Wesley Skelton though attempted to recover his investment but only received a partial refund of $600 from his credit card company, asserted Independent.
The fraudulent scheme has been reportedly linked to manipulated videos on renowned platforms like Telegram where scammers impersonated well known figures to lend credibility to their claims.
Bank of America has publicly given a statement that it is not involved in this scam. This incident now is reminiscent of previous scams targeting US President Donald Trump supporters such as those previously involving investments in Iraqi Dinar during his first term, noted Independent.
FAQs:
Which recent videos have ended up deceiving the Republicans?
How many coins were being purchased by Marine veteran Wesley Skelton?
Marine veteran Wesley Skelton who is from Pittsburg located in California ended up purchasing 324 coins while hoping that it would make around $35 million.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.