Enrique K. Razon Jr., chairman of International Container Terminal Services, Inc. (ICTSI), and Ramon S. Ang, chairman and CEO of San Miguel Corp. (SMC), have urged government and social media companies to act against the spread of fake videos and online ads that falsely use their names and images to promote fraudulent investment schemes.
The fraudulent materials, which have appeared on social media, falsely portray Razon and Ang promoting investment opportunities. “These claims are entirely untrue. Neither Mr. Razon nor ICTSI has endorsed any such investments,” said ICTSI in a statement.
The scam content is designed to appear convincing and may include offers that seem legitimate. ICTSI emphasizes that these are not authorized and are intended to mislead viewers.
For his part, Ang has called for a stop to these illegal promotional ads to promote investment schemes. “We need to put a stop to them. I’m calling on government agencies, social media companies, and the public to work together to stop those behind these scams and prevent others from getting victimized,” said Ang in a statement.
Ramon S. Ang, President of New NAIA Infra Corp. (NNIC)
SMC has been coordinating with authorities to track down those responsible. Ang added that they are also looking into legal action, and are ready to support investigations and possible prosecution of those behind the scams.
“These fraudulent ads are harming a lot of people,” Ang said.
“Please don’t fall for these. I am not endorsing any investment schemes. I do not promote, support, or take part in any kind of online investment offer.”
Ang clarified that he has only one official Facebook page, which is verified with a blue check. Any other account or ad claiming to be him—especially those involving money or investments—is fake and should be reported right away.
He also urged Meta and other platform owners to strengthen their approval processes for paid ads—especially those using the names and faces of public figures without permission. “These tech platforms have the tools to stop this. We’re asking them to do more to protect users,” he said.
Finally, Ang called on the public to stay alert online: “Don’t click, share, or engage with suspicious ads. If you see fake posts or videos pretending to be me—or promoting fake investments—report them right away using the platform’s ‘Report’ button.”
Both executives have urged the public to be vigilant and report suspicious content.
