A prominent TV presenter in New Zealand has denied claims that he has been promoting Bitcoin using his social media platform.
Duncan Garner, who hosts The AM Show on Three, was accused of running adverts promoting the use of the cryptocurrency.
The ads were believed to be associated with a number of common hallmarks of crypto scams, including images of luxury items such as fast cars.
Garner explained, however, that the adverts were in fact spam.
“It’s not me”, he said in an interview after the allegations surfaced. “That is not me on Facebook pumping up Bitcoin.”
“They’re not my cars, I don’t do Bitcoin – I don’t do any of that ‘coin’.”
He also explained that he was not a regular user of social media. “I haven’t been on Facebook for a couple of years”, he said.
However, not everyone appears to have been satisfied by his explanation – and some have even asked him for advice having seen “posts” which appear to have gone out in his name.
“But people say, ‘Hey, you’re pushing Bitcoin. How’s it going?’”, he recounted.
The issue of privacy on social media is currently a live one in New Zealand after it was revealed that the country’s government had had one of its systems hacked.
Hackers were able to access a number of key pieces of personal information about the country’s citizens, including information about driving licenses, passports and more.
In a statement which also carried relevance for Garner’s case, the country’s Privacy Commissioner John Edwards said that “there’s no end” to the risks of what can happen when digital fraud is left unchecked.
“Their reputation can be tarnished”, he said.
“People can set up fake social media accounts under their name – there’s no end to it”, he added.
Garner is far from the first to be accused of promoting crypto when in fact the problem is coming from spammers and other scam artists.
This sort of fake promotion can occur in a number of ways. Some people have reported clicking on a so-called “bad link” and discovering that malware has been downloaded to their computers.
Social media is not the only place in which problems can arise. Emails are also a fertile ground for crypto scams of this nature.
Just this year, for example, Britain’s Financial Conduct Authority, which regulates a range of markets in the country, was forced to explain that it was not responsible for an email circulated in its name which was titled “guaranteed chance to earn”.
The email, which also contained its logo and a range of other pieces of content designed to enhance its legitimacy, was fake.
In a statement, the Financial Conduct Authority informed traders of ways to avoid such scams.
“Look for signs that the email, letter or phone call may not be from us, such as it listing a mobile or overseas contact phone number, an email address from a hotmail or gmail account, or a foreign PO Box number”, it said.
- What Does Binance Being Kicked Out of Belgium Mean for Crypto Prices?
- Crypto Traders and Coin Prices Face New Challenge as Binance Gives up its FCA Licence
- Interpol Declares Investment Scams “Serious and Imminent Threat”
- Annual UK Fraud Audit Reveals Scam Hot-Spots
- Former Schwab, Wells Fargo, and Morgan Stanley Advisor is Sentenced to Seven Years
- FX Fraudster On The Run After £70m Ponzi Scheme Collapses
What Does Binance Being Kicked Out of Belgium Mean for Crypto Prices?
Safest Forex Brokers 2023
|Broker||Info||Best In||Customer Satisfaction Score|
|#1||72% of retail CFD accounts lose money. Founded: 2014||Global Forex & CFD Broker||
Best Trading Conditions Visit broker
|#2||Your capital is at risk Founded: 2014||Global Forex Broker||
BEST SPREADS Visit broker
|#3||Your capital is at risk Founded: 2006||Globally regulated broker||
BEST CUSTOMER SUPPORT Visit broker
|#4||82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Founded: 2008||Global CFD Provider||
Best Trading App Visit broker
|#5||Between 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010||Global Forex Broker|
|#6||77% of CFD traders lose Founded: 2007||Global CFD & FX Broker||
ALL-INCLUSIVE TRADING PLATFORM Visit broker
|#7||Your capital is at risk Founded: 2009, 2015 and 2017||Global Forex Broker|
|#8||Your capital is at risk Founded: 2006||CFD and Cryptocurrency Broker||
CFD and Cryptocurrency Visit broker
Forex Fraud Certified Brokers
Stay up to date with the latest Forex scam alerts
Sign up to receive our up-to-date broker reviews, new fraud warnings and special offers direct to your inbox