Dec 11, · Richard Branson rings alarm bells about an obscure Bitcoin scam that uses his famous name to lure gullible victims Cover image via 24crypto.de Virgin Group CEO Richard Branson recently took to Twitter to warn his followers about a crypto scam called "Bitcoin loophole.". Jul 09, · Virgin Group billionaire Richard Branson says the scammers have been trying to get personal information and cash and "can be quite convincing.". May 04, · Virgin’s Richard Branson Warns on Bitcoin Scam Sites Using His Name British business tycoon Richard Branson spoke out Thursday about the rash of bitcoin scam stories that have used his name to lure.
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He has promoted bitcoin and blockchain technology in the past, including through an annual private island summit of industry participants. Branson is not the only publicly recognizable figure to warn consumers about scams being perpetrated in his name. Martin Lewis, a British personal finance writer, recently sued Facebook for its failure to take down ads using his image to push scams. Adding to the growing criticism of social media companies for failing to tackle the problem, Branson wrote Thursday:.
I never endorse any get-rich-quick schemes - this is a sure-fire way to lose your investment. Help us stop scammers and report anything you think is suspicious. If a person spots anything else which they suspect is a scam, Virgin recommends reporting it to Action Fraud. And, the scammers attempted to end up with a significant share of his fortune, by pretending to be the then-Secretary of State for Defence, Mr Branson said.
He went on to detail how he was cautious, having heard of a number of scams have been in operation recently. Alternatively, you can reach out directly to the celebrity on their social media page or email the associated alias to confirm any kind of promotion, Bruemmer says. If the source is known to you but you sense something fishy — simply call or email them directly to inquire if they sent you something," Bruemmer tells CNBC Make It.
Some of those online business scams included fake apartment or home rentals on Airbnb, fake order cancellation emails from Amazon, and fake ads on Instagram which get customers to buy one product but they are delivered a less expensive, knock-off version.
If you come across or have been a victim of a scam, you should report it to your local law enforcement agency as well as the Federal Trade Commission , the federal agency charged with protecting consumers, according to Bruemmer. Branson also asks people report scams involving his name or business to Virgin, here. In May , Branson used his blog to alert his followers to scams, especially cryptocurrency related frauds. Branson said he and his team had "dealt with hundreds of instances" over the previous year.
And in , Branson detailed two multimillion-dollar scams that involved him. Branson talked to Sir Michael's secretary, learned the officer had not been kidnapped and turned over the information to the police. In the other instance, a fraudster called a friend of Branson's, also a successful business person, and did an "extremely accurate impression" of the Virgin Group billionaire.