After Bitconnect predictably crashed and burned , many of the scum bag promoters moved on to to promoting Bitcoin Forex trading. I thought this would be a short term deal, they'd snag a few people, but the scam is super obvious so it'll die out fast. It hasn't. So I for one just wanted to make sure everyone is aware of these scams and two ask if anyone knows more detail about how the scam goes down..
In the US and many other advanced economies, promoting a financial instrument is illegal with out proper licensing. Promising a guarantee of profits is also illegal. This shows you what a scum bag Mark Zuckerburg is for allowing this to go on. If you make any comment on their profile they simply delete it and block you. Many of them steal my photos of bitcoin stuff and when I ask them to remove them they block me and still don't until I claim copyright theft with Instagram, who mind you does not make this an easy task. Nor do they do anything when I report them.
Here's an example. This woman is very attractive, which is a common theme with these scammers for obvious reasons. I've seen her same pictures under multiple accounts going by an entirely different names. It's not just instagram and facebook but also youtube, reddit, twitter etc.
Charging 15% to simply place a trade is no where near what a real broker would charge and it also breaks finance laws for being excessively high
