A Facebook (FB) page claimed that Jaime Augusto Zobel de Ayala, chairman of Ayala Corporation, encouraged people to invest in a financial investment program called “Tesler Code”. This is fake.
The video, posted on July 4, claimed:
“The entrepreneur Jaime Augusto Zobel, along with Elon Musk, invite you to participate [sic] Tesler Code, a financial investment program created jointly by both entrepreneurs to boost the national economy.”
In a July 10 statement, Ayala Corporation debunked the claim.
“We would like to inform the public that Mr. Zobel is not involved in any way and is not promoting ‘Tesler Code’ or any other cryptocurrency investment.”
Read below to see VERA Files Fact Check’s findings:
The clip in the beginning of the fake video supposedly shows a reporter talking about Zobel de Ayala’s involvement with Tesler Code. A cursory search on YouTube reveals that the original video came from a June 12, 2024 episode of ANC’s Business Outlook.
In the original video, financial journalist Salve Duplito actually talked about a lawsuit to ask Tesla CEO Elon Musk to return US$30 billion in alleged unlawful profits. Ayala was not mentioned in the report.
The fake video also showed a brief clip of Ayala, which was not in the original ANC report. Cursory search shows the legitimate Ayala clip came from a video posted by YouTube channel Inclusive Capitalism on Sept. 19, 2023.
Note: Click on the photo to view its original source.
Posted by FB page Money Mastery, the fake video garnered a total of 5,600 views. It appeared six days after Ayala Corporation said it is planning to raise P15 billion from the issuance of preferred shares.