Jeremy Clarkson Gets Involved in Bitcoin Scam, UK Police Issue Warning: Details

News
Tue, 10/22/2019 - 14:18
Alex Dovbnya
Former Top Gear superstar Jeremy Clarkson, who is now the host of "The Grand Tour," became part of a Bitcoin scam without suspecting anything
Cover image via www.facebook.com

According to Derbyshire Live, local police have warned residents about a prevalent Bitcoin scam that uses celebrities to get new victims on the hook.

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Last week, This is Money reported that Jeremy Clarkson, the former host of "Top Gear," has been promoting a fraudulent cryptocurrency project on various social media feeds without knowing anything about it. 

image by dailymail.co.uk

The modus operandi of the scam, which is called "Bitcoin Revolution," remains the same. In order to lure in uninitiated users, it plasters fake endorsements from politicians, businessmen, and such A-list celebrities as Clarkson all over social media. 

Considering the success story of the top cryptocurrency, which turned many early adopters into ultra-rich individuals, people with limited knowledge of crypto can easily fall victim to such a scam in pursuit of big and fast returns. 

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Adding images and made-up articles with celebrities is an important selling point. In the fake ITV news piece, Clarkson claims that Bitcoin Revolution was "the greatest investment" he has ever made. 

X Factor judge Simon Cowell also ended up among big-name individuals whose reputation was tarnished by Bitcoin Revolution ads. Earlier, this sham site also targeted Singaporean billionaire Lim Oon Kuin and the Norwegian Ministry of Finance

Meanwhile, Martin Lewis, the founder of MoneySavingExpert.com, went as far as suing Facebook for not clamping down on fake Bitcoin ads.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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