Billionaire Manuel B. Villar issued a statement denying he is involved in any cryptocurrency business in response to advertisements and fake news on social media.
“I wish to warn the public about a false social media posting claiming that I endorse a cryptocurrency program. I have never made such endorsement nor have I engaged in the said bitcoin program,” he said.
Villar added that, “This is obviously a scam and I ask the public to protect themselves from such unscrupulous act.”
The ads on Facebook link to fake news sites claiming Villar was interviewed in a popular talk show where he was supposed to have narrated how he made money from cryptocurrency trading.
Similar scams had previously made similar claims involving other famous businessmen.(James A.Loyola)