Australian ‘influencer’ Belle Gibson faked cancer and used profits to trade cryptocurrency

Australian ‘influencer’ Belle Gibson faked cancer and used profits to trade cryptocurrency 1

Authorities are investigating an Australian social media influencer‘s bank accounts after she defrauded her followers with fake cancer claims and used the money to trade cryptocurrency.

Annabelle “Belle” Gibson has been systematically lying to her followers and using her company’s profits to trade cryptocurrencies, futures, and place sports bets, the Canberra Times reports.

Investigators are examining Gibson’s accounts after she failed to pay a AUD$410,000 ($285,000) fine, handed to her in September 2017 for misleading her followers.

We don’t know how much cryptocurrency she traded, but her transactions have been described by prosecutors as “curious.”

Gibson appeared in court earlier today to defend herself against the accusations. During the hearing prosecutors said, “[The documents] reveal a great many transactions overwhelmingly in the nature of discretionary [non-essential] spending,” The Sydney Morning Herald reports.

Deceit fueled cryptocurrency trading

Gibson claimed to have terminal cancer which she said she was managing, and in some cases, healing through alternative therapies and a controlled diet.

She had been using these illegitimate claims to gain media attention and promote her cookbook and app. In April 2015, investigations revealed she never had cancer; her following had been built on a web of lies, deceit, and fraud.

She amassed over AUD$440,000 ($306,000) through sales of her book and app, which she promised to give to various charities, and one boy with terminal cancer. In court today, it was also revealed that she only donated AUD$10,000 ($7,000) to charity.

The court also heard that she had invoiced a recent trip to Africa, via Singapore, to her eight year-old son. She claimed her son was the lead passenger, and she, his companion, 9news reports.

Gibson is yet to learn her fate as the hearing is still ongoing.

Typically, cryptocurrency con artists promise investors unrealistic returns on investments, and lie about blockchain technology and digital coins that don’t actually exist; like the BitConnect or OneCoin scams.

As far as cons go, this is certainly one of the most outlandish we’ve ever come across.

Published May 14, 2019 — 09:36 UTC

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Crypto Scams

Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
Beanstalk Farms Loses $80M In A Massive DeFi Governance Flash-Loan Hack
April 23, 2022
Prove
Joon Pak Head of Crypto at Prove talks to Us about Crypto Fraud And More
April 11, 2022
Mintable
Mintable CEO Zach Burks Talks to Us about the Opensea Stolen NFTs and Their Recovery
March 21, 2022
Crypto Crime
Crypto Crime Surges To Record Highs As Thieves Follow Market Buzz – Chainalysis 2022 Report
February 24, 2022
Bots Circumvent 2FA Login At Coinbase And Other Crypto Exchanges In 2022
Bots Have Circumvented 2FA Logins At Coinbase And Other Crypto Exchanges In 2022
February 17, 2022

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Russia
Roundtable Interview-What is the Effect of The Russia-Ukraine War on Cryptocurrency Prices?
March 4, 2022
GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin29,593 0.76 % 0.16 % 2.85 %
Ethereum1,884.3 1.40 % 3.49 % 1.61 %
Tether1.000 0.04 % 0.05 % 0.01 %
USD Coin0.9989 0.16 % 0.08 % 0.04 %
BNB314.96 0.80 % 3.19 % 9.27 %
XRP0.3982 0.84 % 1.22 % 2.04 %
Binance USD0.9999 0.46 % 0.04 % 0.17 %
Cardano0.9566 0.22 % 0.68 % 6.96 %
Solana45.81 1.96 % 4.63 % 7.95 %
Dogecoin0.07987 0.25 % 4.49 % 4.90 %

bitcoin
Bitcoin (BTC) $ 29,446.00
ethereum
Ethereum (ETH) $ 1,868.98
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 313.38
xrp
XRP (XRP) $ 0.395979
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.494487
solana
Solana (SOL) $ 45.33
dogecoin
Dogecoin (DOGE) $ 0.079714