I won't invest in Bitcoin, CEO of Ryanair Airline says

News • 2020/08/25 • by Remitano

Ryanair's chief executive officer, Michael O'Leary, stated that he believes bitcoin is no different from a Ponzi scheme, and investors should watch out.

Michael was referring to a cryptocurrency scam that was linked to him.

The false news explained that Michael shocked audiences at a show by showing the amount he makes with bitcoin transactions.

The scam campaign captured the National Ireland bank's attention, and a call was placed on the show before it was aired to stop the campaign.

However, a twist to the tale is that National Ireland Bank is not even in existence.

Crypto scams have been using reputable people's image recently to promote their evil acts to swindle unsuspecting victims.

In the past few months, images of famous people like Binance CEO, Jack Ma, and Billionaire Wissam Alma have been used for crypto fraud ads on YouTube and Facebook.