RATE Group | NAB investigating after Mike Baird exploited in ‘fake news’ Facebook scam
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NAB investigating after Mike Baird exploited in ‘fake news’ Facebook scam

31 Oct NAB investigating after Mike Baird exploited in ‘fake news’ Facebook scam

Posted at 07:59h in Cryptocurrency News by

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Updated

October 31, 2019 12:16:39

composite image of two men
Photo:
Waleed Aly and Mike Baird featured in the fake story. (ABC News: Jeremy Story Carter / AAP: Dan Himbrechts)

National Australia Bank (NAB) is investigating after learning former NSW premier Mike Baird, who is one of its executives, and Waleed Aly are being exploited in a “fake news” scam online.

Key points:

  • The ads appear to be part of a “pump and dump” scam
  • Facebook has removed several of the posts but dozens remain
  • The ABC has tracked the fraud’s origin to an account in Italy

The ABC has identified hundreds of Facebook advertisements which use Mr Baird’s image and fabricated quotes to plug a “wealth loophole” advising investors to buy bitcoin.

The ads direct users to a fake article which attributes reporting to some of Australia’s biggest media brands, including the ABC, News Corp and…

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