The advert incorrectly states that Southgate appeared on the Ellen DeGeneres talk-show to boast about his cryptocurrency earningsGareth Southgate is seeking legal advice after his name was used in a scam to encourage people to buy cryptocurrencies. The England manager’s name was used on marketing emails and in online adverts claiming that he had made a fortune from what claims to be a crypto trading platform called “Bitcoin Bank” and had been on Ellen DeGeneres’s American TV talk-show to explain his success. SponsoredThe use of fake celebrity endorsements for cryptocurrency products is a growing problem as the industry has no financial regulation and operates globally just using the internet and electronic money transfers. Southgate’s representatives are seeking legal advice after the English FA was made aware of the scam. It is unclear whether “Bitcoin Bank” is actually an unrecognised crypto trading platform

Source: The Times January 19, 2022 00:46 UTC