Villar warns of crypto scam using his name

Published January 14, 2020, 12:00 AM

by manilabulletin_admin

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)

 
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