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Bitcoin Trader, a new scam in Italy with Briatore and Emma Marrone
Bitcoin Trader, a new scam in Italy with Briatore and Emma Marrone
Security

Bitcoin Trader, a new scam in Italy with Briatore and Emma Marrone

By Marco Cavicchioli - 22 Apr 2020

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For some time now, articles have been circulating online claiming that some Italian celebrities are making money thanks to Bitcoin Trader

Two such articles have involved the names of entrepreneur Flavio Briatore and singer Emma Marrone, but they are fake news. 

Indeed, the reports have been published by anonymous websites that pretend to be newspapers. It’s clear that this is a scam because the domain of the website on which they are published does not correspond to the logo on the header of the page. 

In other words, these are articles have been written by those who have the sole purpose of promoting Bitcoin Trader, and they contain only fake news.

In fact, Flavio Briatore, Emma Marrone and the other celebrities have absolutely nothing to do with them, but their name is used by the authors of these scams without their knowledge. 

Most probably, everything written in those articles is false

Even the news according to which the celebrity on duty went on TV to talk about her “investment” is completely made up and the video referred to in the article simply doesn’t exist. 

It’s basically all just lies. 

According to what has been said, Bitcoin Trader is an automatic cryptocurrency trading software able to guarantee effortlessly huge profits in a short time. 

First of all, there is no automatic trading software that can guarantee profits. In fact, trading is a high-risk activity, which sometimes results in earning money, and sometimes in losing it. Therefore, guaranteeing a profit is absolutely impossible, wrong and even illegal. 

In addition, bitcoin and cryptocurrencies are also high-risk investments, so trading cryptocurrencies is a doubly risky activity, so all the more reason why it is not possible to guarantee that such an activity can generate profits, and indeed it is much more likely to cause losses if done in an improper manner. 

In truth, this phantom automated trading software called Bitcoin Trader probably doesn’t even exist. 

This is only an online platform that allows people to register and deposit money. There are many fake platforms like this one and they often display to the gullible users growing numbers to convince them that it is possible to earn money. But they are all lies. 

At this point, however, the question arises: why do they do it? 

The real goal is to scam potential victims who take the bait, convincing them to send money to the platform or its operators. 

Typically, people are asked for small but significant sums of money, which is something that an ordinary person certainly has: 200, 250, or 300 euros. 

Anyone who knows how things really work in the financial markets knows that it is absolutely impossible to make a lot of money by investing so little, but the target of these scammers is certainly not the people who know about financial markets. 

The scam is aimed at people who know little or nothing about investments and therefore do not know that with such small amounts of money it is in no way possible to earn a lot by investing, not even with bitcoin or cryptocurrencies. 

The fact is that the amount required is not so high that potential victims are in doubt, and it is also a figure that many people can afford to throw away, in the hope that the scam will turn out to be an opportunity. 

Lastly, it is a figure for which, if lost, it is not worth taking legal action, because the cost of the lawsuit would be far greater than the figure that could be obtained in the event of victory (which is by no means a given). 

These scams have been around for some time now, but they continue to claim victims because there are still many people who have not understood that it is not possible to earn a lot of money, in a short time, without effort and investing very little

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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