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The get rich quick scheme being pumped on LinkedIn

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Contributor

It all looks so viable: Henry Golding, the star of the fantastically successful film "Crazy Rich Asians", in an interview with the very credible Singapore newspaper The Straits Times, says he's making shed loads of money in an automated trading scheme endorsed by, amongst others, Bill Gates. And it's floated around LinkedIn for a while. We took a look.

The article is in fact hosted at http://today-news-update.live/....

The .live top level domain is managed by the registrar Rightside Registry in Kirkland, Washington state, USA. It is nothing to do with, eg, Windows Live.

One final credibility check - learned from decades of watching internet-based pump and dump and get-rich-quick scams. What reviews are there? This one is typical: https://insidebitcoins.com/bit... "
BITCOIN FUTURE, SCAM OR LEGIT? THE RESULTS REVEALED! Last Updated on October 16, 2019" after much "analysis" it says "We have reviewed this software, its operations, web platform, and functionality and we conclude that it appears legit, is free and easy to use. As cryptocurrencies continue to get mass adoption across the world, many users have reported using Bitcoin Future to make money."

So, that's all right, then. Onto the trial. Well, why not, eh?

Links go to disposable addresses for example http://torrhen.com/click Cutestat.com received many 404 page reports for the site.

But the specific link operates to divert to https://zozo-framework.com/Bit... which, as of today, says "WARNING:Due to extremely high media demand, we will close registration as of 25/10/2019 - HURRY! 04:52". That 04:52 gives information: it's 12 hours behind Singapore/Malaysia/Hong Kong time which puts it into a USA timezone. The page says it belongs to "The Bitcoin Evolution." That page says "The Bitcoin Evolution is a group reserved exclusively to people who jumped on the insane returns that Bitcoin offers and have quietly amassed a fortune in doing so. Bitcoin Evolution Members enjoy retreats around the world every month while they make money on their laptop with just a few minutes of “work” every day." And, yes, there are more wondrous stories of magical wealth generation. What there is not, at any point, is anything saying who one is dealing with.

The registration form is simple: name, email address, phone number. Oh, and a password. Completing that form brings up a page saying that they have found the "best broker" and, in our case, taking us to the page of Forex Bit which appears to be based in London. However, it has no FCA authorisation and we found a report that says it's really based in Bulgaria. The credit card form is hosted on their own server, not via a trusted third party. And it auto-fills information with fictitious details. Enough, we decided and did not submit any card data. We clicked out.

Shortly afterwards, a call was received from a London number : 020 8089 9465. On answering, there was silence then the caller hung up.

Conclusion: when you see this post on LinkedIn or anywhere else, report it. And don't fall for it.

The last word goes to the Straits Times - the real one.

On 6 December last year, it reported "SGD78k lost to bitcoin investment scams in last 3 months" as reported to the police. "People who click on links within the article are taken to a different website, which offers investments involving cryptocurrencies and other financial products. Those who provide their contact details on these websites would usually receive a call from a "representative" from the investment scheme."

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The advert is on the next three pages. It's probably best not to respond.

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