Fraud scheme involving BTC was issued in the UK
Hundreds of Britich citizens received fake letters as if having been sent by the Royal family representatives. It deffinitely was a fraud scheme involving BTC. The letter contained a request for a tremendous amount of $2.5 million, paid in Bitcoin with BTC wallet number attached. The scammers claimed in their letters to use the money for “saving” the economy of the UK after Brexit.
Physical letter, fake signature and lots of mistakes
Scammers deliberately sent physical letters, not emails, to claim for donation. It was a well calculated step, as far people got used to the possibility of fraud via email. They still have trust to casual letters, especially with some signs of being official. Moreover, according to the statistics, 80% of people have more trust in physical letters, than in emails. And the fraudsters used that.
The scammers sent the letters from the name of a private secretary of Queen Elizabeth II. It is stated in one of the copies, posted in LinkedIn by one of the brits, who received the scam. People noticed at once that the letter had poor English, so its being a complete fake is obvious.
Fraud scheme involving BTC donations
The picture of the letter was posted on the 24th of September by Paul Ridden, being a CEO at IT firm Smarttask, based in the UK. Thus a new scam and fraud scheme involving BTC was revealed to public. Mr. Ridden pointed out in his post that the scam attempt was poor and pathetic, wondering if someone else have got the letter or he is the only lucky one.
The letter asks people to donate money in BTC to save the economy of the country. The scammers use the Queen’s name to proceed with their scheme. However, in the letter they stated that the Crown has already accumulated almost all needed amount of money they have to pay to the EU and the country needs help form “certain number of people to save Great Britain’s economy”.
Rewards and promises
In the letter it they also said that as a reward for “saving the economy” and sending money via BTC the might-be bitcoin donators will get a 30% interest rate for the next couple of months. The fraudsters also promised that people who would send the money will get an opportunity to join the Royal Warrant Holders Association. This sole line should show that the whole letter is a new scam and fraud scheme involving BTC, nothing more.
However, the Buckingham Palace gave no comments on the case at press time even having been contacted by IT Pro.