All that glitters is not gold – look out for fake celebrity endorsements and other con jobs that aren’t going out of fashion any time soon
Online scams are one of the favorite ways criminals like to swindle unsuspecting victims out of their hard-earned money. And since variety is the spice of life, con artists like to defraud their targets using different flavors of con jobs. These schemes often exploit topics du jour, such as COVID-19 vaccinations, or involve evergreen lures, like scams promising a sizeable inheritance from a long-lost relative.
Today, we’ll look at several common ways con artists abuse the names and images of the rich and famous to break the banks and hearts of not only loyal fans.
This one could be considered a scam favorite. Fake cryptocurrency giveaways have probably been around since cryptocurrency stopped being the purview of Satoshi Nakamoto enthusiasts and started making waves once it hit mainstream coverage.
To reach as many people as possible, criminals use a diverse array of channels, often hijacking YouTube accounts with a large number of followers or trying to spread the faux giveaways through Twitter. They then proceed to ask people to send digital cash to a bitcoin address, promising to double the sum as part of the giveaway; as you might have guessed by now, the victims will never see a dime of their cryptocurrency ever again.
To make it seem legitimate, scammers often try to make it look like the giveaways are endorsed or even funded by tech titans. Bill Gates is often imperso ..
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