A watchdog report highlights a surge in deepfake political scam ads on Meta’s platforms, using fabricated videos of politicians, including Donald Trump, to promote fraudulent schemes. This trend poses a serious threat to democratic processes and consumer trust. The use of sophisticated AI-generated content for malicious purposes can mislead voters and facilitate widespread fraud. While Meta’s platforms are a primary vector for these scams, the underlying technology and its misuse are broader concerns. Investors in social media companies should be aware of the reputational and regulatory risks associated with such content, and consumers should exercise extreme caution with online political advertising.