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- The FTC is sending payments totaling nearly $25 million to more than 240,000 people who lost money to a prize scheme operated by Next-Gen, Inc., and related companies. The FTC and the State of Missouri sued these companies for promoting fake sweepstakes and “game of skill” contests that promised cash prizes.
www.ftc.gov › enforcement › refunds
May 24, 2022 · Ian King claims that a lesser known crypto could overtake Bitcoin and be the foundation of global finance, citing Musk, Dalio and Cuban as fans. Stock Gumshoe reveals the true identity of the "Next Gen Coin" and warns of the risks and hype of cryptocurrencies.
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- What Are Crypto Scams?
- How to Report Crypto Scams
- How to Avoid Crypto Scams
- How to Get Money Back from Crypto Scams
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Crypto scams are like any other financial scam, except the scammers are after your crypto assets rather than your cash. Crypto scammers use many of the same tactics employed in other financial crimes, such as pump-and-dump scams that lure investors to purchase an asset with fake claims about its value or outright attempts to steal digital assets. T...
“Since a lot of the perpetrators of crypto scams are outside of the U.S., our law enforcement institutions can only do so much,” Cummings says. But you should still report any crimes. You can report crypto scams to the following places: 1. Federal Trade Commission 2. Securities and Exchange Commission(SEC) 3. Commodity Futures Trading Commission(CF...
Given the heightened risks with digital assets, prudence is essential. To avoid crypto scams, follow these tips: 1. Don’t respond to unsolicited contact.“No matter who contacts you from your crypto brokerage—or any financial institution, for that matter— the best practice is not to respond,” Cohn says. “Look up the official number for the instituti...
Getting your money back from crypto scams is tricky. “As transactions on a blockchain are immutable, the likelihood of getting your coins back is pretty low,” Leinweber says. That said, he still recommends reporting crimes to legal authorities. “When you report a scam, the government might track down the criminals and get your funds back for you,” ...
Learn how to avoid common crypto scams, such as investment, phishing, upgrade and SIM-swap schemes. These scams can cost you your cryptocurrency or personal data, so be vigilant and cautious.
- Coryanne Hicks
Don't fall for this New Gen Scam Coin. Hello Guys. You may have already discovered the new top mover on CoinMarketCap. A coin called Gravitoken (GRV) has made an incredible 1.3 million percent in the last 30 days. This is possible because the value of the coin increases by itself every 8 hours by 9.81% (9.81m/s² is the Earth's gravity).
The FTC is sending payments to people who paid money to Next-Gen, Inc., and related companies for fake sweepstakes and contests. Learn how to get your refund if you live in the U.S., Canada, the U.K., or other countries.
Scammers impersonate new or established businesses offering fraudulent crypto coins or tokens. They’ll say the company is entering the crypto world by issuing their own coin or token. They might create social media ads, news articles or a slick website to back it all up and trick people into buying.
Jul 20, 2022 · The US Federal Trade Commission is giving back almost $25 million to over 240,000 people who fell for the Next-Gen scam that promised cash prizes for fees. The scheme ran from 2013 to 2018 and targeted many seniors worldwide.
Jul 31, 2022 · But as happens with technology, the scam use of it also continues to advance, as is apparent in a forfeiture filing by the United States Attorney's Office for the Central District of California.
