Mar 28, · Last August, Johanna Butt saw an ad on Facebook featuring a photo of Dragon’s Den star Deborah Meaden – which was used without her knowledge or consent – promoting a Bitcoin investment company called Bitcoin Loophole. Mrs Butt, 82, said it was purely out of curiosity that she phoned the company. ‘The man I spoke to was extremely plausible. Bitcoin trader deborah meaden massive amount of money careful." Deborah Meaden's image a Bitcoin scams on holiday business, before completing is a British businesswoman and TV personality who people. This show exists to falsely endorse a Sonia Meaden (born ). Connect with Deborah False Bitcoin Claims There are several websites and internet/social media articles claiming that investments have been made in one or more bitcoin trading platforms (including Bitcoin Trader).
Bitcoin trader deborahBeware this ‘celebrity’ bitcoin scam – Which? News
Mrs Butt fought for seven months to get her money back all the while being harassed almost daily by calls from Bitcoin Loophole. I had to pick up odd jobs just to survive — they took all my money. Unless Natwest could prove Mrs Butt had been grossly negligent, she was entitled to reimbursement.
Mrs Butt raised a formal complaint to Natwest and then to the Financial Ombudsman, which was about to review the complaint when Natwest changed its mind. Read more: how to spot scams and how to get your money back. Unfortunately scams like this are on the rise. I [had] no idea where to start.
Investment returns like this are unheard of, so the promise of extreme riches should be a warning sign. Read on to find out how the scam works, how to avoid falling for it, and why Which? To be clear, none of these celebrities are responsible for the fraud, but their images and reputations are being ruthlessly abused by organised scammers. Clicking on it takes you to a news story on a third-party page, which seems like a respectable news site for investors.
It describes how Meaden and her fellow dragons were impressed with a bitcoin investment scheme on an episode of the show. At the bottom of the page is a web form where you can express interest in joining the investment scheme. Heeding the warnings that the scheme will soon close to new investors, you submit your name, email address and phone number. Over the coming weeks the value of your bitcoin holdings appears to increase, and your investment manager calls you frequently, encouraging you to buy more.
Reassured, you carry on investing. There were 1, cases of cryptocurrency investment frauds reported in the first six months of alone. In the same period, there were reports of investment fraud where celebrity endorsement was specifically cited by the victim as an enabler of the scam.
Bitcoin is a cryptocurrency — a form of digital money which can be bought with other currencies, traded for them and where retailers accept it used to buy goods and services.
Cryptocurrencies such as bitcoin run on a technology called blockchain — essentially a huge online database of transactions.