Fulham face serious questions over new sponsor IUX as it emerges company’s ’employees’ are ‘fake LinkedIn accounts’
FULHAM are facing serious questions about new sponsor IUX.The Premier League club announced earlier this week a partnership with the Caribbean and Cyprus-based firm that allows customers to trade cryptocurrencies and other financial products.Fulham announced a new sponsorship with IUXCredit: RexBut a renowned journalist claims the profiles of alleged workers at the company are fakeCredit: RexBut renowned investigative journalist Martin Calladine claims that all the LinkedIn profiles of alleged IUX staff in the UK are faked, using images from photo libraries or uploaded from other LinkedIn accounts.For example, the account of Peter Corner, IUX’s alleged UX designer, has the same profile picture as a man from southern Spain named Francisco Checa Roldan.Both Fulham and IUX have been approached for comment.IUX’s position is believed to be that they know nothing about and are not responsible for LinkedIN profiles of alleged US and UK employees. They say they do not have any staff in the US or UK.READ MORE IN FOOTBALLIt is understood that the club used external companies to check out IUX before signing the deal, as it would for any partnership or sponsorship.But fans fear Fulham could be heading for further embarrassment after pulling the plug on a previous deal in very similar circumstances.In September 2022, Fulham unveiled Titan Capital Markets as its CFD partner – the same status now given to IUX. CFD stands for contract for difference, a financial mechanism that allows customers to bet on the change in value in hard currencies, crypto and other assets.Most read in FootballBEST FREE BET SIGN UP OFFERS FOR UK BOOKMAKERSBut by November 2022, the club was forced to cut ties with Titan after it emerged that some people used in its promotional materials were actors rather than staff members and other concerns were raised.Like Titan, IUX targets markets mainly in the Far East. Meet Ivan Toney’s Saudi team-matesIts website is available in languages spoken in Indonesia, Malaysia, Thailand, Vietnam and China, as well as in English and Spanish.Again, like Titan, IUX does not operate in highly-regulated markets including the USA, UK, EU, Australia and Japan.The website confirms: “IUX does not offer its services to people residing in those areas”.IUX tells potential customers that they can make massive profits on investments, well beyond the limits recommended in jurisdictions like the UK – again, just like Titan did. But the losses could also be huge, leading to accusations that such companies are using the Premier League’s global popularity to exploit less-regulated markets and attract fans who cannot afford to lose large sums of money.IUX have threatened to take action against anyone responsible for creating false profiles.READ MORE SUN STORIESThe company said in a statement on LinkedIn: “IUX hereby announces that we do not employ any individuals based in the United Kingdom. “We will pursue appropriate action against any persons falsely claiming to be associated with our company as employees.”What is cryptocurrency?CRYPTOCURRENCIES are a form of payment that can be exchanged for goods and services.They work using a technology called blockchain. Blockchain is a decentralised technology spread across computers that manages and records transactions. Find out more about cryptocurrencies below.. More