Please watch out for the Crypto Boom scam involving fake celebrity endorsements, and warn your family and friends!
Crypto Boom Scam Alert : Fake Celebrity Endorsements!
You may have seen advertisements and posts on Facebook and Twitter, claiming that certain celebrities are sharing the secrets of their success.
Here is a recent example involving Jono Armstrong and Tony Fernandes. It’s an extremely long post, so feel free to skip to the next section for the facts!
NEWS THAT SENT SHOCKWAVES: Jono Armstrong And Tony Fernandes Partnership Is Shaking The Financial World And Big Banks Are Terrified
Big banks are loosing their chokehold of the financial markets. Malaysian citizens are from what private investment banks want off the market. Is it a real deal?
(MalaysiaKini) – Speed trading, insider informations, market manipulations. The things that big banks use to make gigantinc profits at the expense of the average Joe. But the things are changing thanks to a fatefull meeting of two men in Dubai.
Mild manners of Jono Armstrong betray the confedence that can come only from a track record of success. And when you look at his biography, you can clearly see he’s been there and have done that, and got much more than a t-shirt for his efforts. His permanent half smile is only matched with a willigness to help his fellow human, and a tendency to put all his knowledge in the services of others.
Across the table from him was Tony Fernandes, a man known for an uncanny sense to jump at an opportunity at the best moment possible. He took over AirAsia when airline operational costs were at a historic low and made them a regional leader of no-frills airlines. He lobbied for the regional Open Skies agreement, and it brought affordable flights for the masses. Tune Hotels soon followed, the revival of the Caterham Group, QPR, and now cryptocurrency auto-trading program called Crypto Boom.
Last week, Armstrong and Fernandes were invited for a live video call on Selamat Pagi Malaysia to discuss their new joint venture, for which they say it can make anyone rich in just 3-4 months. “It was a good interview” opines Fernandes, with Armstrong chirping in “Though it was cut short.” They both invited everyone in Malaysia to join them in their new venture before the big banks find a way to prevent people from joining.
“And just as we finished our video call my phone rang“, says Fernandes. “It was Farid Alias, of Maybank, telling me in no friendly terms that his people are talking with the Salamat Pagi producers to get Jono and me off the air. But that was a bit too late, if I may say so.“
Here is how that interview went:
Ridwan Mustafa invited Jono Armstrong (Artificial Intelligence Engineer) and Tony Fernandes on the video call to share the info about their collaboration. And the Malaysian entrepreneur off the bat got to the point:
“I’ve made my fortune by jumping at the opportunities when the time is right, after all, deep down I’m a humble accountant despite all the wealth I have. And right now, my number one source of income is cryptocurrency auto-trading program called Crypto Boom. When I sat down with Jono in Dubai last month, at a crypto conference, he showed me the trading app he’s been working on. My first question was ‘Do you want to bring it to Malaysia?’ It’s the best application of AI technology I’ve seen in my life, it has the power to change the lives of many people. People are able to make a small fortune with it, in a quite short span of time. But big banks are looking for ways to shut it down, and everyone should hurry up and get on board with this.“
Ridwan Mustafa was in awe when Fernandes took out his cell phone and showed him his own trading record in the past month. And that moment from the show has been making rounds around the Malay media in recent days.
“Just like Tony, I have a pretty humble beginnings. Born and raised in a family of working-class parents and made my place in the world on the foundations of what they gave me. After making it in digital marketing with the automatization tools for web traffic purchase based on advanced machine learning algorithms, I’ve decided to get into the world of crypto. And this is the product of my decades of interest in AI technologies.
The segment had to come to an end before Armstrong could elaborate on the technical detail, so we sat for an interview with the man himself to learn more about this controversial opportunity that is sending shockwaves through financial world.
MALAYSIAKINI EXCLUSIVE WITH JONO ARMSTRONG AND TONY FERNANDES
The first job Tony had was helping his mother organize Tupperware parties in Malacca when he was a kid. And this experience have shaped his approach to business “You really have to get to common people and tell and show them what it is about.“
As I fail to see a connection between unsightly food storage containers and AI technologies, it probably shows on my face. Thankfully Tony cares to continue.
“See here, those things had a simple but ingenious snap-on lids. And they improved the quality of life for many people. It extended the shelf life of their food. And when you look at my business venture in the past, improving and enriching people’s lives was my main goal. The affordable flights with AirAsia. For the first five years, more than 50% of our customers were first-time fliers.“
The confussion on my face was probably very visible as Tony leaned back in his chair and said “You don’t understand why I’m talking about this?“
“Well, ther is this new cryptocurrency investment platform called >Crypto Boom, and I’ve jumped at the opportunity to invest in it because it is helping common people in Malaysia, Europe and North America build fortunes overnight. You may be skeptical because it sounds too good to be true. But do you remember what they’ve told me when I bought AirAsia?“
People were very sceptical about that purchase. Airlines were in some serious trouble following the 9/11, people were afraid of traveling by airplanes, security measures at airports were a huge mess.
Tony continues:
“And here we are now. AirAsia is the regional leader and I’m embarking on a new venture. I will grant you that I was a bit sceptical when Jono approached me. I used to be the old-school person. It’s something being educated at London School of Economics does to a person. But after seeing with my own eyes how much money this was making, I had to try it for myself and partner up with him to launch this in Malaysia.
I’m glad I tried it because it was some of the biggest and easiest money I’ve ever made. I’m talking tens of thousands of rupees a day on autopilot. it’s literally the fastest way to make a windfall of cash right now. And it’s not going to last for much longer when more and more people find out about it. Or when banks shut it down for good.“
WHAT EXACTLY IS CRYPTO BOOM AND HOW DOES IT WORK?
The idea behindCrypto Boom is straightforward: To allow the average person to cash in on the cryptocurrency boom which is still the most lucrative investment of the 21st century, despite what most people think.
Although Bitcoin price has dropped from it’s all time high of $69,000 per Bitcoin, traders are still making a killing. Why? Because there are thousands of other cryptocurrencies besides Bitcoin that being traded for huge profits on a daily basis.
Some of these cryptocurrencies include Ethereum, Binance Coin, Terra Luna and Ripple and they are still making returns of over 10,000% and higher for ordinary people in Malaysia.
Crypto Boom lets you profit from all of these cryptocurrencies, even in a bear market. It uses artifical intelligence (AI) to automatically handle long and short selling for you so you can make money around the clock, even while you sleep.
Crypto Boom is backed by some of the smartest tech minds to ever exist. Richard Branson, Elon Musk and Bill Gates just to name a few.
Crypto Boom : Yet Another Cryptocurrency Scam
Crypto Boom appears to be yet another “automated trading app”, claiming to use a trading robot to generate “daily ROI of up to 60%”.
Cryptocurrency is unregulated, and these cryptocurrency trading apps are of unknown provenance and ownership.
So unless proven otherwise, you should consider such cryptocurrency apps as SCAMS, including Crypto Boom for these reasons…
Fact #1 : That Malaysiakini Article Is Fake
There is no such Malaysiakini article. It’s completely FABRICATED. You can search Malaysiakini’s website if you don’t believe me.
The website it made to look like Malaysiakini, but does not have a Malaysiakini link, but an AWS cloud server link.
https://malaysia2022.s3.ap-south-1.amazonaws.com/MalaysiaJono.html
The Malaysia2022 website does not even exist. The only page on that server slice appears to be that MalaysiaJono.html page.
Fact #2 : Tony Fernandes Never Partnered With Jono Armstrong
As far as we can tell – Tony Fernandes has never met Jono Armstrong, much less partnered with him to bring Crypto Boom to Malaysia.
There was no such interview of Tony Fernandes and Jono Armstrong on Selamat Page Malaysia. Neither was there ever a threatening call by Farid Alias – the Group President and CEO of Maybank.
Fact #2 : Crypto Boom Is A Technology, Marketing + Advertising Service
While Crypto Boom claims to be an automated trading software that can give you “an average daily ROI of up to 60%“, their fine print states otherwise.
If you scroll down to the bottom of their official website, they clarified that they are merely a “technology, marketing and advertising service“.
They also clarified that they are “only used as a marketing tool by third party advertisers and brokers to receive more customers“.
Crypto Boom also warned, in their fine print, that when you sign up – “a broker is automatically assigned to you“, but that “it is your obligation to check if the Broker applies to all local rules and regulations“.
Crypto Boom is a software created by a development company and does not provide investment or brokerage services.
Crypto Boom does not gain or lose profits based on your trading results and operates as a technology, marketing and advertising service.
Crypto Boom does not operate as a financial services firm and is only used as a marketing tool by third party advertisers and brokers to receive more customers. When you signup to Crypto Boom a broker is automatically assigned to you.
It is your obligation to check if the Broker applies to all local rules and regulations and is regulated in your jurisdiction and is allowed to receive customers from your location. If you find out the Broker that was assigned to you is not duly regulated in your jurisdiction please contact us using the support menu in the software.
Fact #3 : No Celebrity Has Endorsed Crypto Boom
You may see other variants of this fake news, localised to the media in your country, with different celebrities endorsing Crypto Boom.
The truth is – no celebrity or business person of any note has ever publicly endorsed Crypto Boom.
If you do a quick online search, you will note that those celebrities have never mentioned Crypto Boom, much less endorsed it.
The fake story claims that Crypto Boom is backed by Richard Branson, Elon Musk and Bill Gates among others, but Crypto Boom themselves admitted that all those “rumours” are false.
The picture of Richard Branson and Bill Gates that was used in the fake Crypto Boom article was not taken at CES 2022. It was taken at the Grand Challenges Annual Meeting, in London on 26 October 2016.
This is the same kind of fake celebrity endorsements that drive the marketing campaigns of other cryptocurrency scams like Bitcoin Revolution.
Read more : Bitcoin Revolution Fake Celebrity Endorsements Exposed!
Fact #4 : SEC Warned About Such Scams
Many financial regulatory agencies like the SEC are warning investors and the public about fraudulent digital asset and “crypto” trading websites.
There have been many cases of people getting defrauded by such “get rich quick” schemes, including pump-and-dump and rug pull scams.
The SEC’s Office of Investor Education and Advocacy (OIEA) and the Commodity Futures Trading Commission’s Office of Customer Education and Outreach (CFTC) warn investors to scrutinize investment opportunities through websites purporting to operate advisory and trading businesses related to digital assets. These websites often contain “red flags” of fraud including claims of high guaranteed returns and promises that the investments carry little or even no risk.
SEC and CFTC staff have recently observed investment scams where fraudsters tout digital asset or “cryptocurrency” advisory and trading businesses. In some cases, the fraudsters claim to invest customers’ funds in proprietary crypto trading systems or in “mining” farms. The fraudsters promise high guaranteed returns (for example, 20-50%) with little or no risk.
After the investors make an investment, typically using a digital asset such as Bitcoin, the fraudsters in some cases stop communicating with the investors altogether. These fraudsters can quickly send your money overseas, with little chance of you being able to get it back. Sometimes the fraudsters direct investors to pay additional costs (such as purported taxes) to withdraw fake “profits” earned from the investment. This is an example of an advance fee fraud scam, where investors are asked to pay a bogus fee in advance of receiving proceeds, money, stock, or warrants.
If anyone tells you that their software or trading service will automatically generate you high ROI, without effort or risk, that’s a scam.
Anyone who develops such a magical system does not need you to invest – they would be keeping it to themselves, and making BILLIONS with no effort or risk.
Please help us fight against such scams – SHARE THIS FACT CHECK with your family and friends!
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Name : Adrian Wong
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.
He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.
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