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Scammers capitalize on public curiosity to invest in Bitcoin or other digital assets, the price of which has been rotating over the past 12 months. That's what Maryland Securities Commissioner Melanie Senter Lubin called a "scam du jour.""What the scammers do is take what people hear on the news, and then turn it into whatever investment scam they're going to do to promote it," said Lubin, who is also president of the North American Association of Securities Administrators (NASA). , as quoted from Yahoo Finance, Tuesday (11/1/2022).NASAA is defrauding cryptocurrencies as risk increases from a survey of its members, which includes securities regulators at the state level in Canada - Mexico.Frauds are carried out such as fraudulent promotional letters offered through social media and internet investment offers to financial schemes that are connected to independent accounts.Regulators have recently dealt with growing investor complaints related to fraud as cryptocurrency investments and some of them using phishing emails.“Investors think they are investing in cryptocurrencies, but they are not actually investing anything,” said Lubin adding that his office gets half a dozen calls from investors operating every week.
