‘Satoshi Nakamoto’ Scamming Senior Citizens With Bitcoin Retirement Plan

[jrrsparkles]

There are different reasons why someone would try Ponzi Schemes, and The most common interest is profit. It turns us, humans, into greedy creatures. I'm just aware that there are a lot of people who want the EASY money and EASY profit. That’s why some people have kept on falling into these types of scams.

The most important thing to consider with this is the reputation of Bitcoin itself. It is surrounded by all the people who are taking advantage of the pseudo-anonymity of BTC. What I don't like is how they take advantage of senior citizens' pension and possibly scamming them more.

There's nothing we could do, but to inform others Of the possible scam approach of it, it is disguised as a multi-level marketing style and all those types to the ones we care about. Ignore and move on.

When someone hears about huge returns then they should assume it as probably scam which is the best way to avoid from ponzi schemes, senior citizen might know these things but still few of them were fell due to their greed so nothing more we can do them to give their funds back.

This world filled with people who have thought of becoming rich but have no idea about how to become one.

No millionaires were born from investing on such things they either create that investment plans or invest on something with realistic returns.

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[Ryker1]

Well, there's nothing we can do. There are many bad people who wanted easy money just for their own sake and the sad part as bitcoin enthusiasts they used Bitcoin for their market strategy just to fool people. We can help those naive citizen people and they should aware of this kind ponzi scam. We can advise them not to join any program related to Bitcoin and claiming retirement plan. Indeed, just store their own bitcoin and buy a wallet for safe storing.

[electronicash]

its about time they call Saul Goodman. 

you have to be the baddest scammer of all time to target senior citizen's retirement money. and as well as the money intended for their burial.
claiming to be satoshi is paying well for him. $6M is worth a fortune, i don't know if he can hide his face to the public though. he better hide because somewhere someone is going to recognize him.

[royalfestus]

The reason I got into cryptocurrency later was the lack of trust for internet fund exchange and have seen so many gullible people take the risk with so much fund, they didnt care to know any about the space themselves, giving it out to fraudsters. They never got any second thought, some gave money to friend on the social media without any form physical acquaintance.

[teosanru]

Joerg Molt is one of several individuals claiming to be the identity behind the pseudonym, Satoshi Nakamoto. He is also still operating what appears to be a Ponzi scheme from 2017, potentially defrauding seniors with a so-called ‘Bitcoin Pension’ plan.

Since the launch of the scheme, Molt has scammed an estimated 7,000 people out of at least 0.1 Bitcoin (BTC) each. At today’s rates, this is equivalent to stealing 700 BTC worth over $6 million. Though according to information released in a 2018 video, this could be as much as $25.8 million.

You can read more here for the full news

This is really bad. Ruining the reputation of the true Satoshi Nakamoto (not Faketoshi Craig Wright of course) to scam senior citizens with his “Bitcoin Ponzi” pension program.

This one’s quite similar to the other ponzi programs that I’ve encountered here in the Philippines. I just don’t know guys, but scammers are innovative and creative in creating scams like this. This is so difficult to be stopped because of the innovative minds that these scammers have.

What would be your thoughts about this one guys? Let me know. Cheers!

Atleast don't keep such a vague title to this thread. I almost thought like Satoshi has scammed senior citizens himself. Coming to the main topic truth is that no matter what there will be a lot of Fake Satoshi coming up and claiming to be Real but here I think the issue was with the people who chose the investment plan. Truth is that one should never invest in something that he doesn't knows about and the people who invested in such a fund should have known the risk associated with it. So even though Craig Wright is a complete scumbag who claims to be Satoshi for scamming people but still people should be aware of how they are using their funds. It's 21st Century and everything is really available on the Web itself.

[crwth]

When someone hears about huge returns then they should assume it as probably scam

I know that the world of scamming is to entice people and to make sure they are aware that it’s possible to have that kind of return but it's not to realistic or at least possible with just investing. I have seen traders get the huge profits with big swings so it depends on how they are going to get it.

This world filled with people who have thought of becoming rich but have no idea about how to become one.

Understandably, no one has an idea of how to become one at the start of their careers or businesses; it's up to the person's will to do it and to not be lazy enough to rely on those kinds of schemes.

No millionaires were born from investing on such things they either create that investment plans or invest on something with realistic returns.

For the investing part, there are a lot of millionaires born from it. It's either you are at the top of the food chain or not; that's how they can become a millionaire or just a victim of that scam.

[jrrsparkles]

When someone hears about huge returns then they should assume it as probably scam

I know that the world of scamming is to entice people and to make sure they are aware that it’s possible to have that kind of return but it's not to realistic or at least possible with just investing. I have seen traders get the huge profits with big swings so it depends on how they are going to get it.

Traders making profits from their efforts so high returns will become possible with crypto trading but why someone have to give the same amount of profit for just staking their coins it sounds shady right which is not realized by many investors.Even traders can't make that high returns throughout the year it might occurs few times only so high returns with no effort is not the place to invest anything.

[veleten]

what a bastard , preying on someone who are not too familiar with bitcoin and cryptocurrencies
anything named "Satoshi Nakamoto" would discourage me from sending coins instantly
to me a fund named that cannot be something serious , since Satoshi has disappeared and none knows where or what is he
imagine trusting your money to a fund that could do the same one day ( no offense to real Satoshi - he is a genius )
astounded by the figures he managed to steal , almost 700 bitcoins with 0.1 btc this means 7.000 people fell victim