Last Updated on May 26, 2021 by Stephan Lindburg
John Grayken Bitcoin: Images of famous billionaire investor John Grayken have been popping up in fake ads online. These images are a part of an elaborate scam intended to spread a fake story about a new way to become rich by trading Bitcoin. Grayken is known for risky and innovative investments, along with his philanthropy in medicine and higher education. Con artists are using his reputation to promote these phony ads which in-turn refer potential victims to invest their money in a CFD (contract for difference) scam, with the promise of making millions through automatic Bitcoin trading.
Grayken is just the latest in a long string of fake celebrity endorsements, all leading to the same recurring Bitcoin scams. Small investors have big hopes that they can get in on the ground floor of a revolutionary new investment, but instead, they lose it all.
John Grayken Bitcoin Interview – Has This Ultra-Rich Celebrity Discovered a Revolutionary Bitcoin Secret?
John Grayken is an influential financier, the founder of Lone Star Funds. While Grayken claims Irish citizenship today, he was born in and started his career in the United States. He founded Lone Star Funds in 1995, and it has since grown to be a sizeable private equity firm. Grayken focuses on a strategy of investing in distressed assets, companies that aren’t doing very well. This presents a risk of losing everything through bankruptcy but also the potential for massive gains.
This risky yet profitable investment strategy makes Grayken the perfect target for fake news stories about Bitcoin investment schemes. Recent reports have been circulating about Grayken’s supposed involvement with a miracle Bitcoin investment. In reality, the so-called miracle investment is a scam that affiliate marketers use and abuse Grayken’s name for promotional purposes.
The fake news story is framed as an interview with Grayken, where he finally reveals the amazing secret to his wealth, a secret that anyone can exploit. The phony article contains an image of Grayken with a BBC News logo, implying that the content comes from an interview there. Of course, no such discussion ever took place because Grayken didn’t make his fortune investing in a secret Bitcoin opportunity.
The story cites a fictional Forbes interview, although they couldn’t be bothered to mock up an image to accompany that claim. The article says that Grayken specifically recommends the Bitcoin scam for everyday investors during this supposed interview, saying that it’s a way for people to gain financial stability. The story further claims that the Bitcoin scam offers investment protection and gives users complete control over their funds, both claims, of course, being false.
Few details are given about the actual functioning of the Bitcoin scam. However, it operates in the same way all the others do. This article shows a few screenshots, supposedly from the scam website, that show some user’s profits. These numbers are fictional, and anyone could quickly produce a similar image.
John Grayken Bitcoin: Get-Rich-Quick Schemes Have Perfected Their Methods
The technique of developing fake news stories to funnel visitors to Bitcoin scams is widespread and longstanding. The use of Grayken’s name is incidental. Con artists use the names of other celebrities as well. Many of these high profile individuals are prominent investors or even just popular celebrities. The affiliate networks that develop these stories prey on the trust that people have in identifiable names.
The stories can be very convicting. They take screenshots from actual interviews and then lie about the topic. They make up phony testimonials, stories about audience members signing up and making money live on air. One of their most effective ploys is to make up a story about a big bank trying to shut down the broadcast because they can’t afford to let the secret get out.
The exclusivity of the supposed Bitcoin secret draws in a lot of their victims. The fear of missing out on a once-in-a-lifetime chance is a powerful motivator. People see how much Bitcoin has shot up, how many people have made millions, and they don’t want to risk missing an opportunity like that again. Unfortunately, the scammers know this all too well and use it to their advantage.
John Grayken Bitcoin Scam: Automatic Trading Claims Completely Unfounded
The actual mechanics of the supposed Bitcoin investment takes the form of automated trading. They say that once an investor deposits their funds, they can set the system to trade for them automatically. The supposed automated trading can make thousands of dollars per hour, changing the life of anyone who invests.
These are just lies, and the so-called automatic trading quickly informs investors that they lost their funds investing while the scammers have secreted the money away. If you feel you are being targeted by scammers or wish to report a fake news advertisement, please reach out and message us through our contact page or social media.