Summary:
Cryptocurrency scams are on the rise, and many people are affected.
Scammers often pose as investment managers promising high returns.
Fake celebrity endorsements and romantic approaches are tactics used by scammers.
Government agencies like the FBI struggle to assist victims due to the international nature of these scams.
Be cautious of any offers that promise big returns with no risk.
If you've been getting calls about cryptocurrency scams, you're not alone. News On 6 anchor Lori Fulbright is sounding the alarm and sharing what you need to know to avoid getting scammed this year.
Scammers Posing as Investment Managers
According to Lori, the scammers have a few tricks up their sleeves. One of the most common is pretending to be investment managers who promise sky-high returns.
"They're going to do one of two things, close it down and take all your money, or they're going to tell you, if you want your money back, pay us big fees and be big taxes, all the scam," Lori said.
Fake Celebrity Endorsements and Romantic Approaches
But that's not all. Lori says the scammers will also try to reel you in by claiming to be celebrities or even professing their love for you.
"Same with the people who say, 'I'm in love with you. I like you, and hey, I'm an investment person, and I could really grow you some money.' All that money is going to be gone and you can't get it back," Lori warned.
Government Agencies Unable to Help
The worst part? Lori says the feds can't do much to help if you get scammed, since these crooks are usually based overseas.
"The FBI Homeland Security, the federal government, they can't help you, because all these scammers are overseas," Lori said.
Identifying Scams: Red Flags to Watch Out For
So how can you spot a crypto scam a mile away? Lori says to be wary of any promises of big returns with no risk, or claims of being a celebrity or investment guru.
"If they promise big, big returns and no risk, you know that's a scam. If they say we'll protect your money in our account from whatever threats are out there, that's a scam," Lori said.
Spreading Awareness and Protecting Loved Ones
Lori's advice? Talk to your friends and family, young and old, and spread the word about these shady schemes. That way, we can all keep our hard-earned cash where it belongs - in our own pockets.
"Talk to all your loved ones, young and old, about this scam," Lori said.
Comments