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Peter Sagan caught up in online cryptocurrency scam

Joe Robinson
19 Feb 2020

A fake online article claimed Sagan endorsed this scheme that could make you a millionaire in months

Peter Sagan is being forced to deny involvement in a cryptocurrency scam after a fake news article stated he had invested €1.5 million into the scheme.

Yesterday evening, Sagan shared a link to a news article in Slovakian on his social media that claimed he had endorsed a new cryptocurrency trading programme and even invested over a million euros of his own money.

The link within the Bora-Hansgrohe rider's tweet led you to an article on a fictitious news site called Momentalny, albeit at another URL address, newstoriestoday.live.

The article claims that this new scheme can make you a millionaire within 'three to four months'. 

Within the article, there are then 'exclusive quotes' from Sagan talking about the cryptocurrency scheme. At one point, the fake article suggests Sagan said, 'I encourage everyone to see it before the banks forbid it' and that 'you may doubt it, because it sounds good enough to be possible.'

Bizarrely, there is even a photo of Sagan holding a shiny gold coin within the article that is still live on the web.

In response to the article, Sagan posted the link while and wrote: 'I categorically deny having any involvement, in any form, in what is mentioned in this article. I have never been in contact with any of the persons or companies mentioned and any allegation to the contrary is false.'

Celebrities are often victims of online Ponzi schemes and fake stories meaning Sagan is not alone. In addition, it is believed the cryptocurrency scams saw criminals bag $4 billion in 2019 alone.

Sagan will have plenty of time to clear his name of this online scam as he does not return to racing until Strade Bianche on Saturday 7th March having decided to skip next weekend's Classics opener at Omloop Het Nieuwsblad.

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