According to an alert from MSN.com, the Gokongwei Group has raised concerns after discovering that its President and CEO, Lance Gokongwei, is being falsely associated with fraudulent investment schemes, including “Atom Capital” and “Momentum Capital.” The company has firmly denied any connection to these questionable cryptocurrency ventures and stressed that they are not involved in any crypto-related investments.

The Gokongwei Group clarified, “Mr. Gokongwei, the Gokongwei Group, its subsidiaries, and representatives are not associated with these projects. We are taking necessary actions to address and curb these misleading advertisements.”

Additionally, manipulated images of Lance Gokongwei are circulating on social media, falsely portraying him in scenarios leading to an alleged arrest. These images, which feature his head superimposed onto another person’s body, are being shared with fake news labels, misleading some viewers. The Gokongwei Group is actively working to counter these deceptive practices.