Fake Ponzi Scheme Reportedly Raises $100K in a Bid to Boost Awareness

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

A fake Ponzi scheme raised over $100K in less than a few hours, but there's a catch.

A fake Ponzi scheme raised over $100K in less than a few hours, but there’s a catch.took it to Twitter to reveal that he deliberately created a fake Ponzi scheme to raise funds.:

In two hours, I received over one hundred DMs. I raised 3.45% BTC from Twitter and 2 BTC from Discord – over $100k, with more requests flooding in by the minute.Received access to a high-yield BTC farm based on a private carry trade operated by an up-and-coming fund. I’ve maxed out what I could, so there’s some leftover allocation and I thought I’d pass it alonge – priority will be given to UST victims. DM for more details if interested.

FatManTerra said that he is getting tons of messages and that it was “far too easy to scam people in crypto.”While I used plenty of buzzwords and put on a very convincing act on all platforms, I made sure to keep the investment details intentionally obscure – I didn’t name the fund and I didn’t describe the trade – no one knew where the yield was coming from. But people still invested.

The influencer also said that everyone who sent money has been fully refunded and that there hasn’t been any investment.Yet, some are calling him out for his tweets, arguing that he was actually trying to scam people and that he got cold feet in trying to do so.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hoursA crypto investment scheme promoted by FatManTerra has been revealed as fake — and was created as a means to teach people to think twice about following the investment advice of an influencer. Great opportunity for every users, Bull all Mining provide to mine $40 per day of different currency in your smartphones, Dont miss this opportunity and instantly download this from playstore Pulse HEX.COM users unaffected
Source: Cointelegraph - 🏆 562. / 51 Read more »

OPEC+ JMMC recommends cutting oil output targets by 100K bpd in October – ReutersJoint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries and allies including Russia, known collectively
Source: FXStreetNews - 🏆 14. / 72 Read more »

Maren Morris Raises $100K for Trans Causes Off Tucker Carlson InsultMaren Morris said Sunday that she has sold $100,000 worth of t-shirts—to benefit transgender causes—that reference Tucker Carlson branding her “a lunatic called Maren Morris, some kind of fake country music singer.” You can disfigure a lot of kids with $100,000. Thank the Ford foundation
Source: thedailybeast - 🏆 307. / 63 Read more »

For subscribers: How U-T reporters told the story about Gina Champion-Cain's historic San Diego Ponzi schemeWhat did it take to report on the biggest Ponzi scheme ever uncovered in San Diego’s history? kristy_tea spoke with loriweisberg and gregmoran, about the two-part series examines the rise and fall of Gina Champion-Cain. 🎙️ Listen here:
Source: sdut - 🏆 5. / 95 Read more »

Fake Ponzi Scheme Reportedly Raises $100K in a Bid to Boost AwarenessA fake Ponzi scheme raised over $100K in less than a few hours, but there's a catch.
Source: Crypto_Potato - 🏆 568. / 51 Read more »