London Daily

Focus on the big picture.
Thursday, Jul 10, 2025

Fake News! Hon Fahie debunks article on crypto currency wealth loophole

Virgin Islands Premier and Minister of Finance, Hon Andrew A. Fahie yesterday, July 2, 2020, found himself to be a target of an online phishing campaign designed to get Virgin Islanders to make investments into offshore businesses, including a bakery and the cryptocurrency market.

A link which resembles a media report has surfaced on the internet and social media. The media report makes claims insinuating that the Premier of the Virgin Islands, Hon. Andrew A Fahie is involved in the investment of cryptocurrency.

The Government of the Virgin Islands have issued a statement denouncing the fake media report.

The link is designed to give the appearance that it emanates from a media house in the Virgin Islands and bears the following headline: “SPECIAL REPORT: Andrew Fahie’s Latest Investment Has The Government And Big Banks Terrified”.

The fake article portrays the Premier of the Virgin Islands, Hon Andrew A. Fahie, as promoting – especially to Virgin Islands citizens – some kind of cryptocurrency wealth loophole that is guaranteed to transform anyone into a millionaire within 3-4 months, among a host of other claims.


Article is a fabrication - Hon Fahie


Hon. Andrew Fahie said, “The national and international community are advised that the entire purported article is a fabrication. It is fake news. No such interview, as stated in the item, was conducted by the Premier – whether with NEWS2 NEWSCASE, the BBC or any local news media. All the quotes attributed to the Premier are fake and fraudulent. No such financial investment programme as promoted by the fake article exists in the Virgin Islands.”

Premier Fahie continued, “Contrary to that fake report, I am not engaging in trying “anything” or am I in discussions with anyone regarding cryptocurrency.  The British Virgin Islands adopted the US dollar as its currency in 1959 and have made no commitments to replace it as the official currency in any form.”

Premier Fahie urged members of the public to be mindful of electronic defamation. He asked persons to exercise caution as the webpage and the domain linked to the fake news post have characteristics that are usually associated with online scams that can affect computer and mobile phones with viruses and other malware.

Persons must be mindful of malicious software that can lead to theft of data such as personal photos, friends and business associates’ contact information from your electronic address book, banking information and more. It can also lead to identity theft.

The consequences for persons who fall victim to the possible scam which is being hidden within this fake news and fake websites can be devastating.

In one of the fake news articles with the headline, “SPECIAL REPORT: Andrew Fahie’s Latest Investment Has The Government And Big Banks Terrified,” it shows Virgin Islands News Online (VINO) as the source.

Virgin Islands News Online (VINO) has never published any article relating to the subject and it should be noted that phishing campaigns are designed to steal data and information in addition to defraud victims.


Premier Fahie also debunked the article as completely fake.

"The fake article portrays the Premier of the Virgin Islands, Hon Andrew A. Fahie, as promoting – especially to Virgin Islands citizens – some kind of cryptocurrency wealth loophole that is guaranteed to transform anyone into a millionaire within 3-4 months, among a host of other claims.

"The national and international community are advised that the entire purported article is a fabrication," he said in a statement on July 2, 2020.

Premier Fahie also warned that electronic defamation is real and therefore, persons must exercise caution as the webpage and the domain linked to the fake news post have the characteristics of an online scam that can affect computer sand mobile phones with viruses and other malware.


Beware of Viruses & Malware

He said, additionally, malicious software can lead to theft of data such as personal photos, friends and business associates’ contact information from your electronic address book, banking information and more.

"It can also lead to identity theft. It is unfortunate that persons would find time to engage in a malicious smear tactics and fabricate stories to deliberately misinform the public about the work of the Government of the Virgin Islands, and worse yet to prey on unsuspecting, innocent persons by piquing their curiosity with fake, sensational publications."

The Premier has also urged the community to avoid the articles as much as possible and to do their part conveying the message that it is fake, especially to to family, friends, co-workers and the wider public.



Newsletter

Related Articles

0:00
0:00
Close
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
×