Washington's financial regulator has issued a warning about a new crypto scam involving fraudsters pretending to be business 'professors' to deceive victims into investing in a crypto scam or facing legal consequences. These 'professors' claim to be associated with an 'Academy,' 'Business School,' or 'Wealth Institute,' offering courses promising high returns. Victims are targeted through Facebook ads, led to a company website with letters from the 'Professor' or 'Dean,' and added to chat groups like 'daily trading signals.' The scammers offer loans or credit lines, requesting personal information and cryptocurrency deposits. Despite promises of profits covering the loan, victims end up with frozen accounts and threats of legal action. Another reported scam involved a fake business school luring victims into an ICHCOIN cryptocurrency scam. Investors were duped into investing large sums, only to find no record of transactions. Beware of such scams and stay vigilant in the crypto world. Read more AI-generated news on: https://app.chaingpt.org/news