Bitcoin Victory is being marketed as an exclusive offer which will make you a millionaire virtually overnight.
You will see the adverts and links to websites highlighting Bitcoin Victory.
It’s a clever scam based on the sales pitch of making money for no effort with a computer doing the work for you.
To make it more attractive it is marketed as an exclusive club to which only the privileged few will have access (that includes you of course).
The ads and websites typically use fake logos from reputable businesses such as Bloomberg or top banks to give the impression of authenticity.
The scammers behind Bitcoin Victory claim it is an automated trading system that deals in Bitcoins and once you have signed up it will trade your bitcoins and make you lots of money for no effort on your part.
This is clearly untrue as all currency trading is high risk and there is no such thing as a sure way to win and no computer system in the world can predict what will happen on the markets.
They claim it has been in testing and is now open to just a few discerning members of the public as long as they get in fast.
Scams often add false restrictions – you must act now; closing shortly; almost full up etc.
Your ‘investment’ is a minimum of $250 but don’t expect to make millions or ever get your money back if you try it.
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You may have seen the glossy adverts for Bitcoin Trader – the “new way to make guaranteed money really quickly”.
“Cash in on the Bitcoin miracle”.
Or you may have seen the news items on the Internet about how various celebrities are throwing in their lot with Bitcoin Trader.
These are fake news items – invented entirely to con people into believing in this new scam, but they look like genuine news items and often carry the logos of respectable newspapers and online news agencies.
One shows Gordon Ramsay saying he’s sold half of his restaurant empire so he can invest £100 million in Bitcoin Trader.
Another shows Elon Musk giving up car making as Bitcoin Trader is more profitable.
A very angry Martin Lewis – the consumer champion, has tried repeatedly to get the fake news items of him endorsing Bitcoin Trader removed but to no avail.
Then there’s one of Richard Branson buying into Bitcoin Trader in a huge way.
These celebrities do what they can to stop the criminals using their names to con people but it’s is difficult as criminals ignore lawyers and lawsuits even if you can identify who they are.
The other unusual thing used by scammers to con people into buying Bitcoin Trader is the claim that its intention is to spread wealth so that the top 0.1% don’t own half of the planet’s resources any longer. The reality is just that the scammers want as much for themselves as they can get and don’t care who loses out.
Ignore such fake news items and ignore anything claiming that Bitcoin Trader made them rich – only for scammers.
If you have any experiences with scammers, spammers or time-waster do let me know, by email.
For normal physical currencies, each country has an appointed currency maker – such as The Royal Mint in the UK that makes currency for the UK and several other counties. But with cyber currencies – who makes it and how?
The creation of new coins is called “mining” and involves large amounts of computer processing and this increases as more currency is created. For Bitcoin, the effort involved in making new currency means very few can manage it.
But, if you could somehow spread that computer processing demand out among thousands or even millions — of unknowing user’s computers, it would make mining a lot cheaper and possibly quicker.
This is exactly what some websites are doing. They use your CPU to mine cryptocurrencies like Bitcoin without your knowledge.
How to know if this has happened to your computer?
It’s not easy to identify unless your PC is suddenly very very slow and the CPU seems extremely busy while doing nothing.
Some websites can quietly use your CPU to mine cryptocurrency and they limit they effect on your work so you wouldn’t know unless you went out of your way to find out.
On a windows PC you can press CTRL, ALT and DELETE at the same time then select Task manager and see the CPU utilisation levels.
But if in doubt, the easiest remedy is to reboot your computer.
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Six people have been given jail sentences after defrauding the public out of more than £37m in one of the largest UK online crime cases brought to court.
The group set up and operated a number of “copycat websites”, which impersonated official government services to sell British passports, driving licences and other key documents at very high prices. The convictions and sentences followed one of the biggest investigations undertaken by the National Trading Standards eCrime Team.
Peter Hall, Claire Hall, Syed Bilal Zaidi, Collette Ferrow, Liam Hincks and Kerry Mill received sentences of varying lengths.
The criminals plan was to create copycat websites mimicking websites of government agencies that charge for documents such as passports, car tax etc. and spend the time and money necessary to ensure their websites come top of Google searches for people looking at how to get or update their passport etc.
They used the company name Tadservices Limited between January 2011 and November 2014 and their fake websites mimicked those of 11 government agencies and departments.
Customers were conned into paying more than they needed for new or replacement passports, visas, birth and death certificates, driving licences, driving tests, car tax discs and the London congestion charge.
The criminals then expanded their operation to make copycat websites mimicking similar government websites of the American, Cambodian, Sri Lankan, Turkish and Vietnamese official visa sites where travellers could apply and pay for electronic visas.
The illegal profits funded a glamorous lifestyle for the defendants, with extravagant spending on expensive cars and luxury holidays.
“These convictions represent an important milestone in the fight against online fraud,” said Lord Harris, the chair of National Trading Standards. “This was a huge fraud and a very large number of people lost money as a result of the malicious actions of these criminals.”
Handing down sentence on Tuesday, Judge Sean Morris said: “The internet is now the most frequently used marketplace. It is full of busy people in a rush who don’t have time. There is a lot of money to be made by dishonest people out of the honest people who don’t have time to check that a site is an official government service.”
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There is a trend for fashionable beards and some men will buy products to help them grow such a beard and for grooming.
Beard Czar heavily advertise their products for beard growth and grooming and they have a website at www.beardczar.com
Selling such products is perfectly legal of course.
It’s the special offer they advertise that is the problem.
The offer is that you can try their product for 1 month at a cost of $4.95. The small print with the offer says that you are automatically signed up for their auto-shipment program which sends you 1 month supply every 30 days and charges your credit card.
Unless you cancel that subscription within 14 days then you will be charged $89.99 and so on every 30 days.
There is a phone number to call to cancel but people trying that find it very difficult
for people’s experiences of dealing with this company.
Beard Czar have followed the typical scammers model and created lots of fake reviews online to make it difficult for people to find genuine reviews.
If you type Beard Czar on Google, it finds the Beard Czar website then a lot of reviews with titles such as Beard Czar Warning – Read This Before You Buy It”, “Do Not Buy “Beard Czar” – SIDE EFFECTS REVEALED!!”, Do Not Try “Beard Czar”- All Side Effects HERE!!! – Health Fly Up”
These are just sales pitches dressed up to look like reviews. This is an attempt to deceive people and this kind of action is only carried out by people who don’t want the public to know what’s going on.
Companies that operate this kind of model where they send you a product then do everything they can to make it difficult to stop their charges – are best avoided.
If you have any experiences with scammers, spammers or time-waster do let me know, by email.
We are all used to sales at almost any time of year nowadays even by high fashion companies.
Scammers sometimes go to a lot of trouble to replicate part of the website of a fashion store online.
A recent scam started with a flood of emails about a Michael Kors sale.
Michael Kors is high fashion and comes with a hefty price tag so you can imagine the interest when the email says Huge Savings.
In fact later in the email it says “Take an additional 90% of your entire purchase of $100 or more”
They would not be in business for long giving away good quality product at 90% discount.
Of course, it’s all fake. Visitors to the fake site from the link in the email will find few items (with bargain prices) but it’s when you hand over your payment card details that the scammer has won and will use your card till it runs dry.
There are genuine sales of course and these are advertised by email sometimes.
But do pay attention to any links and which websites they would take you to.
In the Michael Kors email – it was all copied from genuine emails but the word “stockist” was spelled “srockist” which tells you it’s all fake and the unrealistic discount proves the point.
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