Scammers are using over 17,000 phony news sites to push investment fraud, according to a new report from CTM360. These websites, which the researchers call “Baiting News Sites (BNS),” spread via legitimate ad platforms such as Google or Meta. The sites impersonate well-known news providers, including CNN, the BBC, CNBC, News24, and ABC News. If a user clicks on one of these sites, they’ll be shown a fake news article about a well-known figure promoting a phony investment opportunity.