The Scam That Claims Support By President Cyril Ramaphosa In Bitcoin Revolution South Africa
Today we detail the current bitcoin scams in South Africa. How are they projected? Read the whole report to understand more
The Current Scenario Of Bitcoin Scam
Being gaining much attention lately is a bitcoin investment scheme called Bitcoin Revolution South Africa. Including mining billionaire Patrice Motsepe, comedian and actor Trevor Noah, and President Cyril Ramaphosa are famous South Africans endorsing this platform as promoters claim.
How The Bitcoin Revolution Invades South Africa
Recently been heavily promoted with paid reviews on reputable websites such as the Associated Press News is the South African version of the Bitcoin Revolution scheme simply called Bitcoin Revolution South Africa.
The platform is endorsed by famous South Africans to lure investors as promoters of the scheme claim. Including comedian and actor Trevor Noah, President Cyril Ramaphosa, mining billionaire Patrice Motsepe, rugby star Naas Botha, and politician Pravin Gordhan are the celebrities whose names and photos have been used for this purpose.
Almost identical to the original Bitcoin Revolution website which news.Bitcoin.com has already exposed as a scam is the Bitcoin Revolution South Africa website. The addition of the word South Africa to various texts of the site is the only key difference. Its website details that allowing members to earn significant income working about 20 minutes a day or less as Bitcoin Revolution South Africa advertises an automatic trading system.
All About The “Bitcoin Revolution South Africa” Website
“Bitcoin Revolution App South Africa Earn $1300 in the next 24 hours with this secret Patrice Motsepe system with your small investment today” is the message displayed at the top of the website. Becoming a billionaire in 2008, Motsepe is the founder and chairman of African Rainbow Minerals.
“You make $13000 in 24 hours using this secret Bitcoin Revolution South Africa system with your small investment easily today” is displayed at the top of another version of the site. Hereby “Some members have earned their first million in as less as 61 days,” is what the site has also to claim. However, the users must deposit $250 upfront to use the system.
The South African version warns that registrations will soon close due to high demand similar to the Bitcoin Revolution’s website. Featuring Microsoft co-founder Bill Gates, Virgin Group founder Richard Branson and other famous people talking positively about bitcoin is the same video displayed. Fake testimonial and fake live profit results are also displayed on the website.
Reports Claim Celebrity Presence For Scams
Mybroadband magazine reported last week in a recent article featuring a fake tweet claiming to be from South African President Cyril Ramaphosa stating that the bitcoin investment scheme comes showing great promise and has his full endorsement as a wealth system.
Displaying ads for the scam the magazine contacted Google. The search engine giant removed 2.7 billion bad ads in 2019, as a spokesperson for Google told the magazine. The spokesperson was quoted as saying they take immediate action to prevent fake and inappropriate ads as they want the ads people see on Google to be useful and relevant. The companies are reviewed by the team as they have a tool where anyone can report these ads.
Having used Ramaphosa’s name and photos to promote their fraudulent schemes, this is not the first time by scammers. Claiming that its system was Ramaphosa’s gift to South Africans back in 2018 was a similar system called Bitcoin Code. At the time Ramaphosa tweeted that the story was fake. Previously exposing Bitcoin Code as a scam was news.Bitcoin.com
Claiming that Cyril Ramaphosa endorsed its platform as far back as 2018, were promoters of a bitcoin investment scheme called Bitcoin Code. As he further said the news was fake.
Repeatedly issued warnings about this scheme, some regulators worldwide have warned about the Bitcoin Revolution such as the Philippine Securities and Exchange Commission. Including the South African Bitcoin Code, Bitcoin Millionaires, Bitcoin Loophole, Bitcoin Machine, Bitcoin Future, Bitcoin Storm, Bitcoin System, and Bitcoin Era were the promoters of the South African Bitcoin Revolution scheme also promoting similar scams.
Warning about the Bitcoin Revolution scam in July was the Australian Securities & Investment Commission. The scheme claims endorsement from local celebrities such as “Waleed Aly, Mike Baird, Celeste Barber, Andrew ‘Twiggy’ Forrest, David ‘Kochie’ Koch, Michael Rowland, Dick Smith, Karl Stefanovic, and Virginia Trioli” according to the commission. Including actors Kate Winslet and Hugh Jackman, TV personalities Simon Cowell and Jeremy Clarkson, and former prime minister of Singapore Goh Chok Tong, where the other celebrities whose names and photos have reportedly been used to promote the Bitcoin Revolution.
Here We Conclude
The South African scam is resounding the voice of billions of investors. Here we have discussed in detail all those possible scammers joining the bandwagon of bitcoin scams projecting celebrities as their endorsers.