Bitcoin Binary Options Scam
Home Scams ‘I Want to Give you Access to Our Members Area’ Binary Options Bitcoin Spam Email

‘I Want to Give you Access to Our Members Area’ Binary Options Bitcoin Spam Email

by Brett M. Christensen

Image: © depositphotos.com/KostyaKlimenko

According to this email, the sender wants to give you access to a VIP members area.

Supposedly, this is a follow-up from an email sent “last week”.  It warns that the VIP membership offers will end within a few days and urges you to click a link to visit the member’s area.

However, the message is not a reminder about some opportunity that you may have missed or forgotten.

Instead, it is a scam designed to trick you into signing up for a “system” that promises to quickly make you rich for very little effort.

Clicking the link takes you to a scam website that claims that you can make millions trading in cryptocurrency Bitcoin just by joining the site and adding an initial deposit of $250 to the site’s trading platform.

In an effort to trick you into signing up without due forethought,  a banner at the top of the site warns that registration is about to close “due to extremely high demand”.  But, the listed date for the registration closure changes depending on the date that you visit the site.  No matter when you visit, the closure date will always match the date of your visit.

The deadline in the spam emails also changes in relation to the date they sent out.

Alas, the system being promoted on the site is a binary options scam.  Those who fall for the hype and sign up will never make the vast sums of money that the site promises. Some users may make a small return on their initial investment, but most will make no profit at all.

Initially,  your account may display what appears to be a series of successful trades. But, these are likely to be fake and are designed to trick you into investing more money, which you will ultimately lose. And, these schemes make it almost impossible to withdraw any of the money you have invested.

The Australian Government’s ScamWatch website explains binary options scams as follows:

Binary options involve predicting the movements of commodity, asset or index prices over a short time. Although they may be a legitimate financial product with many licenced firms trading in them, binary options are speculative, high risk products that are almost impossible to predict, even for professionals. There are groups of scammers who use binary options to steal your money.

 

These scammers use high-pressure sales tactics to try and convince you to invest in a trading account, making claims that the system is simple and high profits are guaranteed. If you agree, they direct you to a website with a login, account details and the trading platform. They put your money into the account and demonstrate a number of successful trades to encourage you to invest greater sums of money.

 

Once invested in the scheme, victims have reported that their money begins to disappear quickly. When they try to withdraw from the scheme, they find it impossible to get their money out of the account. The scammer does everything they can to keep the victim in the program but inevitably they stop taking the victim’s calls and, after a short period of time, it is common for the firms to disappear.

As with other types of spam, the best thing to do with these emails is hit the “delete” button.

An example of the spam email:

HiI hope that everything goes well with you. As I promised you last week,
I want to give you access to our members area.
This VIP membership ends on 05-28-2019
You can visit our area here [Link Removed]

 

Importance Notice

After considerable thought and with an ache in my heart, I have decided that the time has come to close down the Hoax-Slayer website.

These days, the site does not generate enough revenue to cover expenses, and I do not have the financial resources to sustain it going forward.

Moreover, I now work long hours in a full-time and physically taxing job, so maintaining and managing the website and publishing new material has become difficult for me.

And finally, after 18 years of writing about scams and hoaxes, I feel that it is time for me to take my fingers off the keyboard and focus on other projects and pastimes.

When I first started Hoax-Slayer, I never dreamed that I would still be working on the project all these years later or that it would become such an important part of my life. It's been a fantastic and engaging experience and one that I will always treasure.

I hope that my work over the years has helped to make the Internet a little safer and thwarted the activities of at least a few scammers and malicious pranksters.

A Big Thank You

I would also like to thank all of those wonderful people who have supported the project by sharing information from the site, contributing examples of scams and hoaxes, offering suggestions, donating funds, or helping behind the scenes.

I would especially like to thank David White for his tireless contribution to the Hoax-Slayer Facebook Page over many years. David's support has been invaluable, and I can not thank him enough.

Closing Date

Hoax-Slayer will still be around for a few weeks while I wind things down. The site will go offline on May 31, 2021. While I will not be publishing any new posts, you can still access existing material on the site until the date of closure.

Thank you, one and all!

Brett Christensen,
Hoax-Slayer