Alert Issued by Renowned Trader Bollinger Over Cryptocurrency Fraudsters
Warning Issued: John Bollinger Warns Against Crypto Scams
Get the latest financial news on Google News – John Bollinger, a renowned trader, has sounded the alarm about a shady crypto scheme masquerading as a legit operation.
Crooks posing as partners of the famed technical analyst aim to deceive potential victims, leveraging his credibility to gain their trust.
Notably, these scammers have been circulating fake copies of John Bollinger's book "Bollinger on Bollinger Bands" initially published in 2001.
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Operating under the guise of Diamond Ridge Asset Management, a suspected fictitious company, the con artists proceed to solicit money through illegitimate investment opportunities once they’ve won over their victims.
According to Bollinger, one victim lost a hefty $60,000 to crypto fraudsters. In a stern warning, he stated, "Never, never accept solicitations on 'my' behalf!!!"
As a side note, this activity is not just unethical, but also a copyright infringement.
Want to stay informed and safe? #JohnBollinger #CryptocurrencyScam
Note: Crypto fraud is on the rise, with losses surging to $9.3 billion in 2024, according to the FBI[2]. Senior citizens are a prime target, losing an average of $83,000[2]. Scammers often employ impersonation tactics and use false partnerships to solicit investments or sensitive information. The FBI’s "Operation Level Up" has managed to prevent $285M in fraud since early 2024[2].
- John Bollinger, a respected trader, cautions against crypto scams after discovering fraudsters impersonating him to solicit investments.
- These fraudsters, who operate under the name Diamond Ridge Asset Management, have been distributing fake copies of John Bollinger's book "Bollinger on Bollinger Bands."
- The con artists are offering illegitimate investment opportunities using Bollinger's credibility, even going as far as using Bitcoin, XRP, and other cryptocurrencies in their schemes.
- Investors in XRP should be wary of rumors about a $20 billion Ripple offer to Circle, as their lawyer has disputed such claims.
- It's essential to be vigilant when investing in the ever-evolving technology of finance, as crypto fraudsters are constantly emerging with new tactics.
