American Pro Wrestler Matt Cardona Exposes Investment Scam, Condemns Impersonators

On November 25, American professional wrestler Matt Cardona exposed two fake Instagram (IG) accounts impersonating him via the social media platform X. These accounts exploited Cardona's image to promote fraudulent investment schemes, claiming to offer an investment opportunity with 20% monthly returns.

Cardona posted screenshots of the two fake accounts on X, stating: "Anyone know how I can get rid of these scam IG accounts? (Without paying thousands of dollars)."

According to the screenshots Cardona shared, the IG accounts @treinadorariel and @markorrobbins1 used the wrestler's photos as profile and stated: "I give a 20% monthly investment. You give me between $50k and $100k, and I will give You s monthly return of 20%."

Additionally, the two fake accounts have 55k and 300k followers, respectively, suspected to be artificially inflated. One of the accounts even blocked Cardona.

These impersonators aren't the first to fraudulently use Cardona's image, nor is Cardona the first public figure targeted by investment scams.

Investment fraudsters now exploit celebrities' fame to promote bogus investment schemes, turning their followers into potential victims. Some scammers even use AI technology to create deepfake videos and images, attempting to pretend to be genuine.

BrokersView reminds you

Out of trust in public figures, people may choose brokers based on advertisements and endorsements. However, no recommendation or promise by celebrities can guarantee the safety of an investment. Investors may encounter impersonators.

Investors are advised to double-check the license of financial companies before trading and avoid working with unregulated ones. To learn more about a broker's regulatory status, you can ask BrokersView.