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Filipino billionaire denies endorsement of Bitcoin fraud




The richest man in the Philippines vehemently denied his participation in an alleged Bitcoin trading program that had previously been accused of using fake celebrities. He had "never made such a recommendation and I have never taken part in the above Bitcoin program . "

"This is obviously a scam and I ask the . Public to protect themselves from such unscrupulous acts," he added.

According to Manila Standard, a Filipino Daily newspaper cited several posts on social media platforms Villar's advocacy of the Bitcoin Revolution .

Fraudsters have used celebrities and billionaires to abuse investors in the past, indeed, last year said a British watchdog that the victims had lost $ 35 million in such scams in the years 201

8-19 . Founder of MoneySavingExpert.com spoke out after being mentioned in fake cryptocurrencies advertisements on Instagram was fraudsters who use Facebook to be on their behalf to promote deceptive endeavors.

Elsewhere, celebrities in Australia have also fallen victim to long-term Bitcoin fraud on Facebook . 19659002] Celebrities often have a large fan base on social media, and criminals take the opportunity to offer a wide network to potential victims.

Counterfeit online platforms often promise outrageous returns, but the risk lies with fraudsters with the money of the victims.

Vi llar was clearly made aware of the fraud and warned against investments, but this is not always the case . If you come across a cryptocurrency that appears to be supported by a celebrity, be careful to do your research and I would even advise you to ignore it.

Published on January 15, 2020 – 15:25 UTC


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