Have you seen online investment groups and forums that aim to double your money within a few hours? Just in case you don’t know before today, they are scams. All of them.
So I joined Telegram in late 2019. I particularly like the idea that groups can be better managed on the app and you can create a channel for broadcast messages and several cool stuff. The security is better also. All in all, it’s more useful to manage for official purposes than WhatsApp.
Since I needed it for more official purposes than personal, I saw it as a good fit.
One thing I have noticed is that there are lots of scam groups – oh, way too many in my opinion.
(Let me suggest quickly that if you have joined Telegram and you have not updated your settings, please go to the Settings tab right now. Under settings, go to Privacy and Security. There, change those who can add you to groups to your contacts, assuming you trust your contacts. Settled. It’s important.)
Anyways, from Nigerian groups to Asian groups, from Bitcoin to Forex traders and all manner of “investment” groups, I saw the opportunity for more people to take advantage of the less-suspecting ones.
In fact, I’ll say it’s part of the reason I was motivated to start writing about these schemes. More and more people need to be aware and stop losing their hard-earned money.
The cardinal rule always work: if you don’t know the person offering you a product or service, do not drop your money.
One way these groups perform this scam very well is by creating a boiler room. It works like this: multiple guys that know themselves will create different online accounts and start promoting a particular investment. The easiest one is to double money.
Groups on Facebook, WhatsApp and Telegram have them in huge numbers. Now, where the less-suspecting ones fall a victim is the “testimonies”. There will be countless testimonies making the rounds, showing alert screengrabs from different members of the groups. What you might not quickly realise is that the guys sharing the alerts know themselves.
Once you drop your money, they remove and block you. And your money is gone.
If they did their job well as they often do, you won’t be able to contact them again. They are always eager to get the transaction going very quickly. They are in a rush. They don’t want you to think and process the matter.
All they want for you is to drop your money, so they can quickly disappear.
Again, the cardinal rule always work: if you don’t know the person offering you a product or service, do not drop your money.
I wish you all the best in 2021.