The Criminal Investigation Bureau (CIB) has contacted Meta, the parent company of Facebook, to remove fake advertisements promoting “Jensen Huang’s stock investment chat group.”
Jensen Huang (黃仁勳), the Taiwanese-American CEO of Nvidia Corp, was in the media spotlight during a visit to Taiwan last week.
Citing accelerating artificial intelligence applications, Nvidia on May 24 said that its sales this quarter would reach US$11 billion, soaring 64 percent from a year earlier and beating a market estimate of US$7.2 billion, which caught many market analysts off guard.
Photo: Screen grab from Facebook
The GPU designer posted more than US$2 billion in net profit and US$7 billion in sales for the first quarter, both topping Wall Street expectations.
CIB officials said the Facebook advertisement was clearly fabricated, but it was still circulated widely and has led to complaints that the social media platform was doing nothing to curb the spread of fake advertisements.
“Scammers are good at following the latest trends,” a CIB official said on condition of anonymity.
The CIB said the advertisement was titled “Jensen Huang, Taiwan’s native-born kid,” and was accompanied by authentic information about Nvidia’s second-quarter forecast boosting the stocks of AI firms.
However, the next part of the advertisement was made up by the scammers, which said: “We thank people for their support. Now, with financial experts, we have set up a stock market investment chat group to share updates on daily stock movements and tips on when to buy and sell. We hope everyone can profit on the stock market,” the CIB said.
CIB officials said some people might have difficulty discerning the fraudulent advertisement from genuine promotions.
“We are working to prevent people falling for such scams. We have set up an anti-fraud unit to help people distinguish real news from fake news,” the CIB official said.
The bureau said it would treat the posting of fake advertisements as a criminal offense.
It urged people to contact the CIB’s “165” anti-fraud hotline to report bogus investment news and scams.
Additional reporting by CNA
Taipei has once again made it to the top 100 in Oxford Economics’ Global Cities Index 2025 report, moving up five places from last year to 60. The annual index, which was published last month, evaluated 1,000 of the most populated metropolises based on five indices — economics, human capital, quality of life, environment and governance. New York maintained its top spot this year, placing first in the economics index thanks to the strength of its vibrant financial industry and economic stability. Taipei ranked 263rd in economics, 44th in human capital, 15th in quality of life, 284th for environment and 75th in governance,
The Sports Administration yesterday demanded an apology from the national table tennis association for barring 17-year-old Yeh Yi-tian (葉伊恬) from competing in the upcoming World Table Tennis (WTT) United States Smash tournament in Las Vegas this July. The sports agency said in a statement that the Chinese Taipei Table Tennis Association (CTTTA) must explain to the public why it withdrew Yeh from the WTT tournament in Las Vegas. The sports agency said it contacted the association to express its disapproval of the decision-making process after receiving a complaint from Yeh’s coach, Chuang
Control Yuan Secretary-General Lee Chun-yi (李俊俋) tendered his resignation last night, admitting that he had misused a government vehicle, as reported by media. His resignation was immediately accepted by the Control Yuan. In a statement explaining why he had resigned, Lee apologized for using a Control Yuan vehicle to transport his dog to a pet grooming salon on May 20. The issue first came to light late last month, when TVBS News reported that Lee had instructed his driver to take the dog to the salon. The news channel broadcast photos that it said were taken by an unnamed whistle-blower, which purportedly showed the
A former officer in China’s People’s Liberation Army (PLA) who witnessed the aftermath of the 1989 Tiananmen Square massacre has warned that Taiwan could face a similar fate if China attempts to unify the country by force. Li Xiaoming (李曉明), who was deployed to Beijing as a junior officer during the crackdown, said Taiwanese people should study the massacre carefully, because it offers a glimpse of what Beijing is willing to do to suppress dissent. “What happened in Tiananmen Square could happen in Taiwan too,” Li told CNA in a May 22 interview, ahead of the massacre’s 36th anniversary. “If Taiwanese students or
RSS