When your favorite celebrities appear to be raking in the cash, it can be hard to sit back and avoid being swept up by yet another get rich quick scheme being promoted by one. The latest of these ploys is Bitcoin Revolution, an app that claims to generate money on autopilot.
Bitcoin Revolution claims to be an automated trading app that allows those with little to no experience of Bitcoin to easily purchase Bitcoin and begin generating profit with “just a few minutes of ‘work’ every day.” To achieve this, Bitcoin Revolution apparently uses software that is “ahead of the markets by 0.01 seconds” and “wins trades with 99.4% accuaracy.” — their typo, not ours!
To take advantage of this so-called opportunity, users simply need to create a free account and deposit at least $250, after which the trading interface will apparently become accessible. However, soon after depositing the initial $250 , Bitcoin Revolution users soon find that withdrawing their money is impossible since the entire website and app are an elaborate ruse.
Bitcoin Revolution: A Scam More Elaborate Than Most
To help snare unsuspecting victims, those behind Bitcoin Revolution faked an ITV News story which included several alluring claims. First, the article boasted that Bitcoin Revolution had helped a bride amass a secret Bitcoin fortune which would be revealed to the groom on their wedding day.
The article then constructs an elaborate story involving Grand Tour host Jeremy Clarkson. According to the phony article, a university graduate initially pitched the idea of Bitcoin Revolution to Clarkson after a taping of the ‘Who Wants to Be a Millionaire’ show.
Initially skeptical about the idea, Clarkson was convinced to deposit £250 into the app, which apparently turned into £323.18 within just three minutes. Impressed with the efficiency of the tool, Clarkson was reportedly offered the opportunity to purchase 25% of the company for £200,000 — essentially valuing the company at £800,000. Later in the article, the author claims that Clarkson was chosen among several other celebrities to invest in the company, beating out Simon Cowell and Sir Alan Sugar.
Lies, Lies, and More Lies
In an interview with ThisIsMoney, Clarkson claims he has never heard of Bitcoin Revolution, stating; “I have absolutely no knowledge of this company. It is a scam.” Clarkson then went on to note that he has engaged the services of a lawyer to deal with the situation, adding that he will also be looking into “what a Bitcoin is.” Similarly, it is highly unlikely that either Simon Cowell or Alan Sugar have anything to do with the scam, and have only had their names misappropriated for the scammers’ purposes.
This isn’t the first time a scam like Bitcoin Revolution has been seen in the wild. The website bears a striking resemblance to the common ‘Brit Method’ scam, in which investors automatically generate huge sums through binary options trading. Remember, any investment opportunity offering exorbitant returns is almost certainly a scam — consult with a financial adviser before taking up any such ‘opportunities.’
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