richard schueler scam

Common Investment and business opportunity scams

Cryptocurrency is a kind of digital currency that only exists electronically. There is no physical coin or bill unless you use a service that allows you to cash in cryptocurrency for a physical token. You exchange cryptocurrency with someone online, with your phone or computer. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrency brands, and new ones are continuously being created.

Richard James Schueler says that scammers are always finding new ways to steal your money using cryptocurrency. One sure sign of a scam is anyone who says you have to pay by cryptocurrency. In fact, anyone who tells you to pay by gift card, wire transfer, or cryptocurrency is a scammer. Certainly, if you pay, there is almost no way to get that money back.

6 Tips to Protect Yourself Against Ponzi Schemes
  • Some companies assure that you can earn lots of money in a short time and achieve financial freedom.
  • Some scammers begin with unsolicited offers from supposed “investment managers.” These scammers say they can help you develop your money if you offer them the cryptocurrency you have bought. But once you log in to the “investment account” they opened, you’ll find that you cannot withdraw your money unless you pay fees.
  • Some scammers tell you to pay in cryptocurrency for the right to recruit others into a program. If you do, they say, you will get recruitment rewards paid in cryptocurrency. The more cryptocurrency you pay, the more money they promise you will make. But these are all fake promises and false guarantees.
  • Some scammers list scam jobs on job websites. They will promise you a job, but end up taking your money or personal information.
  • Some scammers send unsolicited job offers to help recruit cryptocurrency investors, mine cryptocurrency, sell cryptocurrency, or help with converting cash to bitcoin.

Richard James Schueler says that before you invest, check it out. Research online for the name of the company and the cryptocurrency name, plus words like “scam,” “review,” or “complaint.” See what others are saying. And know more about other common investment scams.

Leave a Reply

Your email address will not be published.