Fact CheckedLast Updated on July 10, 2023 by Stephan Lindburg
Fake Ads Featuring James Corden Drive Online Investors to Bitcoin Scam!
Online investing has always been a precarious task with the need to carefully balance risk and reward. However, many investors now find themselves grappling with a new wave of Bitcoin scams that promise major returns only to leave them with nothing. These scams spread themselves across social media with fake advertisements featuring celebrities, including James Corden.
Images of the well-known English comedian and television host have been found plastered on social media platforms driving hopeful investors toward Bitcoin scams. Of course, the star of BBC’s acclaimed Gavin & Stacey has nothing to do with the scheme – scammers are simply stealing his likeness to lure in their victims.
James Corden is far from being the only example of a celebrity who has had their name used by scammers. A quick survey of the social media landscape reveals similar fake endorsements featuring the likes of Kayla Itsines, Terri Irwin, and Natalie Barr. The scammers cast a wide net to draw victims from many countries and demographics.
Unfortunately, these scams are only becoming more common as social media platforms refuse to take action. Even with ongoing lawsuits and proceedings to put a stop to this type of fraud, countless online investors are victimized day by day. Investors must be more cautious than ever to avoid Bitcoin scams in a landscape fraught without outright lies and deception.
Why Is James Corden in Fake Bitcoin Scam Ads?
While Bitcoin scammers have been relying on the fake celebrity endorsement angle for years, ads featuring James Corden have only begun popping up recently. The scammers tend to cycle the celebrities they use to keep their ads fresh and avoid word spreading about their deception.
Corden is best known in many regions for The Late Show With James Corden, an American talk show on CBS that ran from 2015 to 2023. He interviewed a wide range of guests, including actors and celebrities of all kinds. The show was watched by millions and won many awards over the years, including two Emmys.
He has hosted a wide range of events and shows over the years, including being a two-time host of both the Tony Awards and Grammy Awards. Corden has appeared in dozens of films and television shows and has become a notable producer over the past few years.
What all of this comes down to is that James Corden is a known and trusted figure by millions around the world. Scammers know this, and this is why they attach his name and likeness to their scams. They know that people will trust his supposed endorsement and be more likely to become victims of their Bitcoin scam.
How These Bitcoin Scams Playout
Social media ads featuring fake endorsements from Corden and other celebrities are just the first step. If you do have the misfortune of following one of these ads, you’ll soon find yourself on a website that provides details about an interview featuring Corden talking about a new Bitcoin opportunity. However, that interview never happened.
Instead, the website features a variety of images of Corden taken from unrelated interviews and appearances. The website elaborates and explains how Corden shared details about an exclusive Bitcoin investment opportunity and has made millions through it. This made-up story has no connection to the actual images that the scammers have stolen.
If you follow through and click the “investment opportunity” link, you’ll be directed to a scam website. The website looks like a platform that claims to offer advanced automated Bitcoin trading. However, when you send them money, you simply never get it back. They’ll say that your account lost money due to the inherent risk of trading or cut off contact entirely. In either case, you’ll have lost any money you invested.
Staying Safe From Bitcoin Scams
In general, celebrity endorsements aren’t a good way to make investment decisions – even if they’re legitimate. However, the number of fake ads featuring James Corden and other celebrities means that you should instantly suspect any endorsements you see.
Before investing, make sure that you’re dealing with a legitimate platform that has the proper registration. Depending on your location, this could mean a license with the FCA, ASIC, FINRA, or other agencies. Don’t let Bitcoin scammers get the best of you, and take your hard-earned savings.
