Facebook Fraudsters Use Photos Of Celebs To Lure People Into BTC Investing

Crypto scams and frauds are always a hot topic for cryptocurrency news and in ours we have a case where fraudsters use photos of Australian TV celebrities, mainly hosts of popular TV shows in order to convince the people to invest in a bitcoin scam.

The funny thing is that the scam is taking place on one of the most popular social media platforms on the planet-Facebook. Con-artists create profiles that seem legitimate and successfully manage to trick people into investing.

Photos of TV presenters Karl Stefanovic and Waleed Aly were used in a fake news segment on a popular evening talk show The Project where both of the hosts discuss how much they are making by investing in bitcoin using Bitcoin Trader. After the fake Facebook profile pages were created, the scammers pay the platform to promote their posts so it reaches millions of people in order to maximize the views so the message gets spread out.

One sponsored post even stated:

‘’The Project co-host Waleed Aly was left in disbelief as Stefanovic pulled out his phone and showed viewers how much money he’s making through this new money-making program that now has everyone in Australia whispering.’’

There were also some falsified quotes by Stefanovic saying:

‘’It’s the single biggest opportunity I’ve seen in my entire lifetime to build a small fortune. I urge everyone to check this out before the banks shut it down.’’

After the fake and sponsored ads were reported to Facebook, the social media giant stated that the scam does not breach their terms or conditions that the complaint was ‘’rejected’’ after outlining that the advert featured on the platform was acceptable. The report goes on to explain the guidelines that the platform does not ‘’allow deceptive, false or misleading content, including deceptive claims, offers or business practices’’ and yet again Facebook did nothing.

The scammers posted the first ad on Facebook on Tuesday and people were led to invest minimum of $20 with a guaranteed 10 times bigger return.

Facebook crypto scams are increasing constantly it seems, since a couple of days ago a New York Fraudster was sentenced to 20 years in jail for a FB Crypto scam. Also, Jason Flack or better known as Patrick McDonnell was also a fraudster due to convincing others to invest in crypto via Facebook.