Do you know what a Facebook bitcoin scam looks like?
In this post, I’m going to reveal the 3 tell-tale signs of a classic Facebook ‘fake news’ scam.
And help you steer clear of these ploys that have duped so many folks out of their money.
Because despite Facebook and Twitter’s efforts to clamp down on these ‘get-rich-quick’ schemes.
The fraudsters are using subtler wording in their ads to sneak past the social media platforms’ scam-busting algorithms.
Furthermore, a lot of the clone binary trading scams also use the same ‘funnel’ to lure people in.
So, by being able to quickly identify the 3 red flags below.
You could potentially avoid a plethora of fraudulent ‘fake news’ schemes both now and in the future.
Here’s how to stay safe.
How to Spot a Fake News Scam in 3 Steps (Bitcoin/Binary Options)
The scammers’ primary aim is to get you to make a deposit with a ‘scam broker’.
Where the broker will either take your money directly by refusing withdrawals (or simply disappearing with your cash).
Or steal your personal details for fraudulent use.
In some cases, where the broker is actually legitimate.
Affiliate links will be used to profit from your trading activity.
I’ve seen this model used multiple times when reviewing and exposing binary options scams.
The ‘fake news’ element is derived from the fact that the scammers use celebrities to make their scheme seem credible.
The whole thing is designed to leverage ‘social proof’ to build trust and manipulate you.
Here’s how the scam is structured.
1: Fake Sponsored Posts/Ads
Here’s an example of a fake sponsored post designed to lure you in:
The scammer has set up a Facebook page and then ‘boosted’ their post to increase their reach.
The use of Gordon Ramsay’s image is designed to build trust.
And the title is crafted in a way to invoke curiosity.
The goal here is to get you to click through.
Of course, Ramsay has absolutely nothing to do with this.
In fact, a whole host of celebrities have had their likeness used without their knowledge in these kind of ‘fake news’ articles.
Including Elon Musk, Richard Branson, Piers Morgan, and Holly Willoughby.
One notable example is that of Martin Lewis.
The financial expert took legal action against Facebook in an effort to force them to clamp down on these scam ads. [Source].
2: Spoof Website
Once you’ve clicked the advert.
You’ll be taken to a ‘spoof’ website.
Usually, this will look like a legitimate ‘news’ website.
Where you’ll find an entirely fabricated story that will try to sell you on the scam.
One classic example was a story
The website was set up to look like the article was featured in the Mirror:
The reality was that the pair never featured on the show.
And no such scheme existed.
You’ll also probably see a list of fake Facebook comments at the foot of the post from people who claim to have made money using the scam being peddled.
Which is usually some sort of bitcoin trading software.
The purpose of the shell site is to get you to click ANY link.
Which then redirects to the ‘scam broker’.
3: Scam Broker
When I clicked through from the Gordon Ramsay spoof site.
I saw this:
Image source: http://bitcoinmoneysoftware.com/
This is a classic ‘skin’ used by bitcoin and binary trading scams.
As soon as ‘Bitcoin Money’ gets shut down.
It will rebrand using a different name but the same template.
Everything on this site is fake and misleading.
The goal here is to get you to enter your details into the form.
And then pressure you into making a deposit with the broker.
Do NOT enter your information into the form!
Because from personal experience.
I can tell you that you will be phoned and emailed multiple times each day by a ‘broker’ who will try to persuade you to make a deposit.
Just leave the site.
Because you are NOT missing out on a legitimate opportunity here.
Conclusion: There Are No Shortcuts
I’ve been using and reviewing online money making products since 2007.
And 99 times out of 100.
If something sounds too good to be true.
It usually is.
(Matched betting is probably the only ‘semi-exception’ to the rule – since I made £2,001 in a single month doing it).
I’ve discovered that there are no shortcuts if you want to make good money online.
For example, I’m able to make money from affiliate marketing.
But I’ve certainly had to put the work in to get results.
If you’d like to learn how to set up your own affiliate marketing business with no prior experience.