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Waleed Aly caught up in ‘fake news’ bitcoin investment scam after fraudsters use photos of the host

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Waleed Aly is caught up in ‘fake news’ bitcoin investment scam after fraudsters use photos of The Project host to encourage victims to exploit a ‘wealth loophole’

  • Images of Waleed Aly were used in bitcoin investment scam  on Facebook
  • His images have been used alongside the former NSW premier Mike Baird
  • Facebook ads used images of both men to encourages users to buy bitcoin  

Images of Project host Waleed Aly have been used as part of a bitcoin investment scam.

Hundreds of Facebook advertisements used Mr Aly’s picture and fake quotes attributed to him.

The adverts promote a ‘wealth loophole’ and encourages readers to purchase bitcoin.

The fake promotion also used images of former NSW premier Mike Baird and attributes major Australian media brands, the ABC reported.

Images of Project host Waleed Aly have been used as part of a bitcoin investment scam

Images of Project host Waleed Aly have been used as part of a bitcoin investment scam 

The fake advertisements also used images of former NSW premier Mike Baird (pictured) and attributes major Australian media brands, the ABC reported

The fake advertisements also used images of former NSW premier Mike Baird (pictured) and attributes major Australian media brands, the ABC reported 

The ads are linked to a fake article which references an interview between Mr Aly and Mr Baird and encourages readers to buy cryptocurrency.

As Mr Baird is an executive of National Australia Bank (NAB), it is now investigating the ‘fake news’ websites and ads.

An NAB spokesperson said bank was aware and confirmed Mr Baird is ‘not associated with the companies or products mentioned’. 

‘We encourage Australians who come across these scam sites to avoid clicking on the links and report where possible to the administrator of platform where the ads are hosted,’ the spokesperson said.

The articles try to entice readers to buy bitcoin in a ‘pump and dump’ scheme where they are promised a high payout.

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In just three days more than 75 sponsored posts involving The Project host and former premier were shared on Facebook.

While they were all the same ads they appeared under different ID numbers meaning if they were reported as a scam it would not affect the others. 

The ads are linked to a fake article which specifically attributes an interview between Mr Aly and Mr Baird (pictured) and encourages readers to buy cryptocurrency

The ads are linked to a fake article which specifically attributes an interview between Mr Aly and Mr Baird (pictured) and encourages readers to buy cryptocurrency

Some users reported seeing multiple ads in one day despite reporting them several times.

A Facebook spokesperson said the social media company was working at stopping the ads and hopes users will help by reporting dodgy accounts.

‘It’s important to us that ads on Facebook are useful to people and not used to promote deceptive behaviour, like misusing images of public figures to mislead people,’ they said. 

The ABC also managed to track the origin of the fake advertisements to a Facebook account in Italy that was created in the past two months.

Daily Mail Australia has contacted NAB and Facebook for comment.   

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