New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News (2024)

Manitoba

A University of Manitobaprofessor whose image was used in acryptocurrency scam—just because his face came up when scammers Googled the phrase "old white guy"— is now featured in a new Netflix documentary about the scam.

Andrew Halayko's image was used in profile of fake CEO of Centra Tech, focus on new documentary Bitconned

New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News (1)

Zubina Ahmed · CBC News

·

New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News (2)

A University of Manitobaprofessor whose image was used in acryptocurrency scam—just because his face came up when scammers Googled the phrase "old white guy"— is now featured in a new Netflix documentary about the scam.

"[The filmmakers] asked me, 'Do you know whatEthereum is? Do you know what cryptocurrency or bitcoin is?' And I said no — I still to this day don't fully understand the concept," saidAndrew Halayko.

He's featured in Bitconned, a newly released Netflix documentary about Centra Tech— described by Netflix as"a crypto company dreamt up by a couple of South Florida hustlers with a knack for Photoshop and a penchant for living large."

Halayko says that it was his face that was used by the people behind Centra Techto create a fake online profile of their fictitious CEO, Michael Edwards—even though the Manitobanhad noconnection with the organization.

"Not in the least, no. I'm probably less interested in crypto than I've ever been."

In reality, Halaykois a research scientist and professor in the department of physiology and pathophysiology at the University of Manitoba.

According to Netflix, Bitconnedtells the story of three men—Ray Trapani, Sam (Sorbee) Sharma and Robert Farkas — who "exploit[ed] the freewheeling cryptocurrency market to scam millions from investors and bankroll lavish lifestyles," but "were eventually convicted of several crimes."

That involved creating fake LinkedIn profiles of the company's executives on their website— includingMichael Edwards, the non-existentCEO.

Trapani says inthe documentary he and his partners created Edwards"because we didn't want anybody to see that young kids were the owners of this company. We wanted …somebody that's respectable and presentable to the public."

They decided to Google "old white guy" and used a picture from the resulting search — Halayko's.

New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News (3)

But Halayko says he's stillcurious about why, from all the search results, they chose him.

"When I wasdoing thefilming for the documentary, they asked me … 'If you could meet them, what would you ask?' And I said I would ask them …'Of the millions—hundreds of millions, I don't know — of pictures of men with glasses anda little bit of grey hair, why did you pick me?"

'Holy smokes, this is all over the internet'

Halayko said he first heard about the scaminMay 2019, when he was contacted by an RCMP detectivewho saidhis photo was used by a fraudulent website and they had few questions for him.

"TheyaskedwouldI be willing to speak with the FBI, because they were investigatingMr. Sharmafor these crimes, and would I be willing to testify at a trial in New York."

Due to the COVID-19 pandemic, he ended up giving awitness statementto the court by phone.

But it wasn't until months later that he learned the specifics ofhis strange connection withCentra Tech.

WATCH | How a U of M prof became the face of a fake CEO:

New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News (4)

New Netflix doc explains how a U of Manitoba prof's face became part of a crypto scam

8 months ago

Duration 1:25

University of Manitoba professor Andrew Halayko's image became part of a cryptocurrency scam — just because his face came up when scammers Googled the phrase "old white guy." That story is now featured in Bitconned, a new Netflix documentary about the scam.

"I was telling the story of being interviewed by the RCMP and one of my colleagues just pulled her phone and Googled my name and Centra Tech, and that's when I realized thatholy smokes, this is all over the internet."

That's when he discovered, to his surprise, that "internet sleuths had figured out that Centra Tech was a scandal" and thatthe face of CEO Michael Edwards was actually his.

How exactly they made that connection is "still an unanswered question to me," he said.

Taking '15 minutes of fame' in stride

Then, around February 2022, a Netflix researcher contacted him to talk more about the witness statement he had given atSharma's trial. Later that year, he was invitedto go to Los Angeles for a day of filming for the Bitconned documentary.

That's where he learned that Michael Edwards had "died."

Until the filming, Halayko wasn't aware theCentra Tech team had actually created a fake obituary for the fake CEO.

"So in fact, what's in the documentary is me for the first time reading this obituary," he said. "They slid it across the table and asked me to read it while I was filming."

New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News (5)

The obituary claimed Michael Edwards had aFlorida beach house, a bulldog named Stanley, an MBA from Harvard and decades of experience with organizations like Wells Fargo and Chase— a life that"couldn't be farther [from]the truth [than]what I am, which is a simple professor,"Halayko said, laughing.

But on themore serious matter ofonlinescams, Halaykowarns"it can happen to anyone."

"And I guess the message is, think about what you can control in terms of what you put on the internet."

Since the documentary made its debut on Jan. 1, he'sbeen getting a lot of messages from friends and family, telling him they saw him on Netflix.

"Even my 90-year-old mother watched it, and she texted meand ... she just quoted 'old white guy,'" he said.

"I'm a little worried that that might be my new nickname."

The newfound fame"is sort of one of those 15 minutes of fame scenarios," he said, and he doesn't expect much to come of it.

"No, there's nothing next for me," he said.

"I could jokingly say I'm gonna look for a movie deal alongside Tom Cruise for my next film endeavour, but that would be a lie."

ABOUT THE AUTHOR

New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News (6)

Zubina Ahmed

Reporter

Zubina Ahmed is a reporter for CBC Manitoba. During her decade-long career in the Middle East and India, she covered news for sectors including politics, retail, sustainability, health care, technology, community initiatives and lifestyle. She can be reached at zubina.ahmed@cbc.ca.

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    New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News (2024)

    FAQs

    New Netflix doc explains how a U of Manitoba prof became the face of a fake CEO in crypto scam | CBC News? ›

    University of Manitoba professor Andrew Halayko's image became part of a cryptocurrency scam — just because his face came up when scammers Googled the phrase "old white guy." That story is now featured in Bitconned, a new Netflix documentary about the scam.

    Who is the fake CEO of crypto? ›

    Crypto scammers deepfake Apple CEO Tim Cook amid iPhone 16 livestream. A deepfake of Apple CEO Tim Cook asked viewers to deposit crypto into a wallet address in a bid to pull off the common “double-your-money” scam.

    What happened to Michael Edwards Centra Tech? ›

    Billing him as a financial industry veteran, original money man, and ghost investor more content to work behind the scenes than speak directly to the press, Centra announced that Edwards had died tragically in a car accident and a new CEO had been appointed: Trapani's grandfather.

    Is Bitconned a true story? ›

    Bitconned is a true crime documentary film released by Netflix on January 1, 2024. The film was directed by Bryan Storkel. The film follows the three founders of Centra Tech as they raised more than $32 million in a fraudulent initial coin offering.

    Who is the CEO of Centra crypto? ›

    Ray Trapani and his high school friend, Sam “Sorbee” Sharma were the co-founders of Centra Tech. Upon its establishment, this company fraudulently claimed that they were raising funds through an initial coin offering (ICO). Furthermore, their cryptocurrency was going to be named, Centra.

    How can you tell if someone is a crypto scammer? ›

    Signs of crypto scams include poorly written white papers, excessive marketing pushes, and get-rich-quick claims. Regulatory agencies, such as your state's consumer protection office or the Consumer Protection Bureau, are the best places to contact if you suspect you've been the victim of a scam.

    Who is the most wanted crypto scammer? ›

    The Missing Cryptoqueen: Dead or Alive? CEO of fake cryptocurrency OneCoin, Ruja Ignatova, is the FBI's most wanted woman. She stole billions, then vanished. New evidence reveals what may have happened.

    Did Centra card actually work? ›

    One of the biggest scams to have emerged in recent times is the now infamous company Centra Tech, which claimed to have revolutionized cryptocurrency payments through debit cards.

    Is Centra crypto still in business? ›

    Centra was a company that advertised itself as a developer of a blockchain-based credit card and payment system. Centra was closed in 2018 after the company's ICO was deemed by the SEC and DOJ to be a fraudulent scheme. In 2024, Netflix released Bitconned, a documentary on Centra.

    What is the fake crypto documentary on Netflix? ›

    In this true-crime documentary, three guys exploit the freewheeling cryptocurrency market to scam millions from investors and bankroll lavish lifestyles. Watch all you want. Director Bryan Storkel ("The Pez Outlaw") digs into Centra Tech's rapid rise and spectacular fall.

    Did Centra Tech actually work? ›

    Centra Tech quickly became a moneymaking machine. But the façade of innovation eventually crumbled, exposing the company as an elaborate scam. Trapani and his partner had fabricated résumés, business partnerships, and licenses, lied about their tech's capacity, and even hired an imaginary CEO.

    Where is Ray from Bitconned now? ›

    Where is Ray Trapani from Netflix Bitconned movie now? Ray Trapani did not serve any time in prison for his crimes and is currently living with his wife and child as a free man.

    Who is the disgraced CEO of crypto? ›

    Sam Bankman-Fried, the fallen 'Crypto-King', as he was once known, was sentenced to 25-years in prison for defrauding customers and investors of his now-bankrupt crypto exchange FTX.

    How much money did Centra Tech steal? ›

    Centra Tech's co-founder has been sentenced to eight years for conducting an illegal initial coin offering (ICO) that fleeced investors of $25 million.

    Why was Centra Tech illegal? ›

    (“Centra Tech) violated securities laws through its fraudulent and unlawful sale of cryptocurrencies.

    Why is Binance CEO going to jail? ›

    Zhao was sentenced to four months in prison in April after pleading guilty to charges of enabling money laundering at his crypto exchange. The sentence handed down to the former Binance chief was significantly less than the three years that federal prosecutors had been seeking for him.

    What are the fake Bitcoin companies? ›

    Key Consumer links
    Primary SubjectScam Type
    Kucoin pro max www.kucoinpromax.online (Entity Impersonating Kucoin)Fraudulent Trading Platform Pig Butchering Scam Romance Scam
    Xanelex.comLivestream Scam Fraudulent Trading Platform
    Coins Bit FX coinsbitfx.comFraudulent Trading Platform
    Goldle.comFraudulent Trading Platform
    32 more rows
    Aug 29, 2024

    Who is the most trusted crypto expert? ›

    Anthony Pompliano, also known as Pomp, is a prominent figure in the cryptocurrency industry and is considered one of the best experts to follow.

    Who is a crypto scammer? ›

    Scammers impersonate new or established businesses offering fraudulent crypto coins or tokens. They'll say the company is entering the crypto world by issuing their own coin or token. They might create social media ads, news articles or a slick website to back it all up and trick people into buying.

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