A class action lawsuit is being launched in France by 102 alleged victims, one that accuses a couple of French social media influencers of deliberately leading them to lose money on trading and NFT platforms.
Their lawyers say the couple are not the only scammers involved, as there are thousands of potential victims across the world.
One of the denounced scams concerns a so-called NFT platform, Animoon, that was also promoted in the US by Jake Paul, brother of infamous celebrity Logan Paul.
Marc and Nadé Blata live in Dubai, and both used to regularly share investment advice with their millions of Instagram followers. Since the case was made public, Instagram’s owner Meta has deleted their accounts.
The alleged scam
The charges specifically concern Animoon and the $6.3 million (approx. €5.8 million) it raised – but none of the investors got their share.
Marc Blata also used to have a Telegram channel where he gave out copy-trading advice, which means he was advising his subscribers on financial investments by telling them to copy his own techniques and to emulate his self-proclaimed success in the trading sector.
One woman, who wishes to remain anonymous, says she invested €500 based on Blata’s counsel, hoping to make profits. But weeks later, she claimed to be a victim of a scam after all trace of her cash disappeared.
X marks the spot
The Dubai couple is not the only one suspected of fraud. The charges were pressed against ‘X’, a French legal term to avoid…
