Latest Facebook Bitcoin Scam Features Australian TV Host (Bitcoinerx)
Australian TV host Waleed Aly is the latest celebrity to have his likeness and name used in a Facebook Bitcoin scam.
Cryptocurrency and its underlying blockchain are touted as innovative technology, which is true. However, this does not mean that they are immune to an issue that has plagued long-standing features of our economic system – scams. Cryptocurrency is just the latest venue that scammers use to target the gullible by offering grandiose returns on investments, which turn out to be an utter sham. One method that scammers love is to use the name and likeness of a celebrity to tout an “investment” that parts the victims from their money. The latest such occurrence is yet another Facebook Bitcoin scam that uses an Australian TV host and a former premier of New South Wales.
Yet Another Bitcoin Scam Campaign on Facebook
Facebook has seen quite a few Bitcoin scam ad campaigns where a celebrity is shown endorsing some form of cryptocurrency investment. The latest campaign to do so features Mike Baird, the former premier of New South Wales, and TV host Waleed Aly.
The scam takes the form of a series of ads that tout an interview between Aly and Baird about the supposed “investment opportunity.” The reality is that the whole operation is a pump-and-dump scheme that will leave the victims holding an empty bag.
ABC in Australia reports that over 75 different sponsored posts of this new scam have surfaced on Facebook in just the last few days. The ads are identical but feature different ID numbers, which means that if an ad is flagged and removed, the others will continue to keep operating.
Obviously, both Mike Baird and Waleed Aly have nothing to do with this latest Bitcoin scam on Facebook. As for the social media giant, a spokesman has said they are “putting significant resources towards tackling these kind of ads.”
Plenty of Celebrities Used for Scams
Aly and Baird are just the latest celebrities and political figures to find themselves being used to scam people. Some of the political figures that have been used to promote such crypto scams include Sir John Key, the former prime minister of New Zealand, and Goh Chok Tong, the former prime minister of Singapore.
Sports figures are not immune to being used in such shenanigans. Kiwi rugby star Sonny Bill Williams has been used in a scam in which his wife supposedly touted the riches she made from investing.
TV and movie stars are a popular choice of scammers to use in their fraudulent campaigns. On the TV front, Simon Cowell, Jeremy Clarkson, and John de Mol (the creator of the Big Brother TV franchise) have all had their names and likenesses used to promote crypto scams.
As for stars of the silver screen, both Kate Winslet and Hugh Jackman have been used to shill a Bitcoin scam. In the fake ads featuring Winslet, the Titanic star reportedly says “Right now my No1 money-maker is a new cryptocurrency auto-trading program called Bitcoin Code,” and “It will NOT be around forever, so do not miss out.” As for Jackman, the Wolverine actor was supposedly giving up acting as he was “expecting to double the value of his investment in just half a year.”
It should be noted that such crypto scams are not limited to Facebook. They pop up on Twitter, Instagram, Google ads, and so on. One should always exercise caution when seeing an ad that is touting an investment scheme that offers incredible returns that sound too good to be true. Scammers use the desire to get rich quick to separate the gullible from their hard-earned money.
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