Dick Smith Entangled in Another Crypto Scam Advertised on Major News Platforms

Friday 09 October 2020, 12:00 PM AEST - 2 weeks ago

Australian entrepreneur Dick Smith has once again been targeted by cryptocurrency scammers using his reputation and likeness to push fraudulent crypto investment offers — this time, though advertisements published on major news platform The Guardian Australia.

Advertisements published via The Guardian’s Australia-specific news outlet alongside additional ads published on aviation website pprune.org have used Smith’s image and likeness in order to defraud would-be cryptocurrency investors through scam offers and unregistered investment schemes.

Crypto scammers using Smith’s image to push fraudulent investment offers isn’t new — the entrepreneur’s likeness has been used to promote scams to often that the Australian adventurer and business icon has formally distanced himself from cryptocurrency investing via Twitter.

Other Australian celebrities impersonated by crypto scammers include David ‘Kochie’ Koch, Michael Rowland, Karl Stefanovic and Virginia Trioli.

Dick Smith Legal Team Strikes Out at The Guardian

The fraudulent advertisements published via The Guardian linked readers to fake news articles that presented fake quotes by Smith, stating that the entrepreneur invested in cryptocurrencies. The Australian reports that Smith’s legal team has approached The Guardian, instructing the news platform to remove the ads and ensure that any offending advertisements are not published by The Guardian in future. 

“Mr Smith is determined to ensure the cryptocurrency scam promptly comes to a permanent end … While we acknowledge that The Guardian Australia does take the fraudulent advertisements down once notified, that does not prevent your Australian readers from falling victim to this prolific cryptocurrency scam”

The fraudulent advertisements are associated with criminal syndicates, and typically present images of Smith’s face alongside Australian flags or associated imagery with the text “D. Smith scared Australian banks, he told how to make money easy (sic)” or “get rich in a few days; this method has helped thousands of Australians”.