Michael Daher, who was the face of an alleged $200 million ponzi scheme, says he is the fall guy and the real operator is a person from Nigeria.
In the weird world of cryptocurrencies, and particularly the wild west of social media investment schemes, things aren’t always what they seem.The Sydney Morning Herald
Yes, that is him in promotional videos posted on YouTube as the self-described chief executive of the cryptocurrency related investment scheme Metafi Yielders. Yes, that is him who is listed in corporate records as a company director of the Australian entity set up as part of the scheme.
The fall out of Metafi Yielders, which had arms in Hong Kong and Australia, highlights the serious risks for investors participating in schemes that sit largely outside Australian laws. “He came across as so sincere,” says Sue, an Australian-based investor who asked for her surname not to be published. Sue, who has invested in cryptocurrencies for some time, says she was initially happy with the investment scheme, receiving a large return on her initial $US3000 investment in Metafi. “Everybody started getting paid. And this was great.” But later investments would disappear and the company would blame the rout in cryptocurrency prices.
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