Ryanair CEO Says Bitcoin Is A Ponzi Scheme After New Scam Emerged

The Ryanair CEO said Bitcoin is a Ponzi Scheme after a fraudulent BTC scam that uses fake celebrity success stories encouraging people to take part in their money and he was also used in this scam so let’s find out more in today’s BTC news.

Scammers used the likeness of the Ryanair CEO as being the leader of a budget airline to promote a fraudulent Bitcoin auto-trading site. However, he hates bitcoin and urges people to avoid it like the plague. The CEO is the latest celebrity whose likeness has been used to promote a Fake BTC-auto trading scheme similar to the ones that exploited stars such as Kate Winslet or Sir Alan Sugar. When he found out he was involved, Michael O’Leary said that he has nothing to do with the scam and the Bitcoin itself is a scam equivalent to a Ponzi Scheme.

The fake ad which was hosted on multiple high profile websites, links to a fake interview about Bitcoin between O’Leary and Ryan Tubridy, where he actually never said the following:

 “I’m glad I tried [Bitcoin] because it was some of the biggest and easiest money I have ever made. I’m talking tens of thousands of euro[s] a day on autopilot.”

The fake interview claims that O’Leary made the money from the Bitcoin Lifestyle which is an auto-trading bot and that his bank National Ireland Bank will reach O’Leary to stop him from spreading the secret. This sounds too good to be true because O’Leary never had anything to do with the scheme and the National Ireland Bank also doesn’t exist. O’Leary is the latest go get caught up in a fake Bitcoin money-making scheme. The rule is the same, find a celebrity, encourage the people to invest in the machine and then shut down the project and run away. The celebrities always distance themselves as Kate Winslet reminded her fans that she is not a fan of bitcoin and that it was a “misleading promotion that is disingenuous and categorically false.”

O’Leary played things differently. He used the opportunity to say that he hates Bitcoin:

 “I have never, and would never, invest one cent in bitcoin, which I believe is equivalent to a Ponzi scheme,” he began. “I would strongly advise everyone with any shred of common sense to ignore this false story and avoid bitcoin like a plague.”