David 'Kochie' Koch is caught up in online BitCoin investment scam that has robbed fans of thousands... after THAT erectile dysfunction cream hoax By Charlie Coë For Daily Mail Australia Published: 11:30 BST, 13 June 2019 | Updated: 11:30 BST, 13 June 2019 Viewcomments He took to social media last year to warn about an 'erectile dysfunction cream' scam purporting to be endorsed by him. And Sunrise host David 'Kochie' Koch has found himself in the centre of yet another online scam, this time relating to BitCoin investment. Taking to Instagram on Wednesday, the financial journalist alerted fans of the hoax with a lengthy post, writing: 'SCAM WARNING; ANY STORY OR ADVERTISEMENT CLAIMING THE KOCH’S RECOMMEND BITCOIN AS AN INVESTMENT IS A SCAM.' Sunrise host David 'Kochie' Koch has used his influence to tell his Instagram followers about a Bitcoin scam claiming to be supported by the presenter and his wife 'It is driving us crazy the con artists using Libby and I as bait to lure people into investing in Bitcoin. Facebook are doing their best to take them down but then they pop back up using different offshore servers,' he continued. The breakfast host went on to bemoan how modern-day technology had 'connected us to scammers like never before'. 'They are digital cockroaches... nothing can kill them. Just for the record I don't endorse anything except my book Kochie's 11 Step Money Plan,' he joked. Angered: 'It is driving us crazy the con artists using Libby and I as bait to lure people into investing in Bitcoin,' he wrote in an Instagram post Society's pitfalls: The breakfast host went on to bemoan how modern-day technology had 'connected us to scammers like never before' In September, he took to Twitter to defend himself from any association to fraudulent online adverts promoting erectile dysfunction treatment. Warning his legions of fans, David wrote: 'For those who might be tempted... be warned the erectile dysfunction advertisements doing the rounds online using my image are fake.' Former Today show presenter Karl Stefanovic, 44, also faced similar controversy last year when his image was used in a similar 'erectile dysfunction' scam advertisement. Context: David found himself at the centre of an 'erectile dysfunction' advertising scam last year... following Karl Stefanovic's similar controversy Warning: 'For those who might be tempted... be warned the erectile dysfunction advertisements doing the rounds online using my image are fake,' David warned his fans on Twitter. Pictured with co-host Samantha Armytage (right) The scam masqueraded as an article from an entertainment website that falsely claimed Karl was leaving Channel Nine to focus on developing a 'new erectile dysfunction treatment after he experienced the condition'. 'Karl Stefanovic's Erectile Dysfunction Fix Has Experts In Awe And An Industry Terrified,' the fraudulent advert stated. The Federal Government slammed a spate of online shopping scams last year using fake celebrity endorsements by the likes of Carrie Bickmore, Jessica Rowe and Lisa Wilkinson, alongside Karl and David. Not alone: The incident comes after Karl Stefanovic, 44, faced similar controversy when he was also the branded the face of a similar 'erectile dysfunction' scam advertisement Senator Mitch Fifield told The Sunday Telegraph these fraudulent advertisements were 'disgraceful' and 'dodgy' and designed to dupe customers. 'Online shopping scams such as those featuring fake celebrity endorsements are disgraceful and dodgy schemes designed to hoodwink honest Australian consumers,' Fifield said. Fifield also called on digital platforms such as Google and Facebook to 'take greater responsibility' by removing online advertisement scams. 'Karl Stefanovic's Erectile Dysfunction Fix Has Experts In Awe And An Industry Terrified,' the fraudulent advert stated 'The community also rightly expects digital platforms to take greater responsibility and more decisive action to deal with scams and misleading advertisements on their sites,' he added. Meanwhile a Google spokesperson said the platform has 'zero tolerance for ads that mislead or trick users into interacting with them and have clear policies prohibiting these practices. When we find ads that violate our policies, we remove them.' Disgraceful: The Federal Government slammed a spate of online shopping scams last year using fake celebrity endorsements by the likes of Carrie Bickmore, Jessica Rowe (pictured here) and Lisa Wilkinson alongside Karl and David Share or comment on this article: All rights reserved for this news site dailymail and under his responsibility