Home / Australia / The fraudulent money earned by scammer Annabelle Natalie “Belle” Gibson used in crypto trade

The fraudulent money earned by scammer Annabelle Natalie “Belle” Gibson used in crypto trade

Annabelle Natalie “Belle” Gibson, an Australian scammer and pseudoscience advocate who duped people into buying her products has used her fraudulent earnings into trading cryptocurrencies. This revelation has been made after the court imposed a fine upon her which she was unable to pay. The amount was $410,000 Australian Dollar. The exact amount used by her in trading digital currency is not revealed but the attorney is confirmed that some amount has been used in crypto trade.

In court Annabelle Natalie “Belle” Gibson has stated that she does not her consider her crypto trade as investment, here is what she said, “I fail to see how crypto-currency is an investment or an asset.”

Her scam started a decade ago when she claims to have been treated with cancer. She says that she survived and got cured 100 percent by only a use of few medicines and diagnosis. She claims that she used alternative ways to get cured and thus started her scam. She claimed that by use of these alternative medicines she can help others to cure as well. Thus she started writing blogs talking about the cure. She started an app called “The Whole Pantry” where she sold her medicines and sold recipe books that contained methods of preparing the medicines.

She promised that she will donate 95 percent of the amount that she has earned from apps and recipe books. She gain cheated and did not fulfill the promise and only donated a small amount.  She donated only $7,000 Australian Dollar of the $305,000 Australian Dollar that she earned.

On a lighter note whatever amount of the fraudulent money she has used to buy digital currencies might have grown too much and she might have been earning huge profits. This can be said with surety seeing the boom that is prevailing in the crypto market especially the price of Bitcoin (BTC) that has crossed $8,000 against the United States Dollar.

About Ritika Sharma

Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.

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