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Cryptocurrency Scam

A cryptocurrency scam is a type of investment fraud that involves criminals stealing money from people hoping to invest in the new world of digital currency. A scammer wants you to send money, or make a payment, with Bitcoin or another type of cryptocurrency. Once you do, your money is gone, and there’s generally no way to get it back.
Click the play button below to watch a video example:
Click here to play the YouTube Video for this Senior Fraud Alert Scam Lesson
The first step is to identify the fraud. In the video above, were you able to hear the clues in the story and detect the Cryptocurrency Scam? The next step is to prevent the scammer from victimizing you or others. If you encounter a similar situation, use these tools to protect yourself from this type of fraud.
Cryptocurrency Scam Clues
  • Don't trust their website, it's fake and it is very hard to tell if it is legitimate
  • If they have "celebrity" endorsements, don't engage with them. These are fake endorsements
  • If they offer you big returns on small investments, its a scam -- too good to be true.
Cryptocurrency Scam Defence
  • Don't engage with anyone who offeres you big returns for small investments. Hang up.
  • Look up the business on a legitimate government website, don't take their word for it
  • Never let anyone set up your account for you and be wary of setting up an account on a website they send you to. Go to a legitimate bitcoin "bank."
Now it’s your turn!


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