Australian financial expert Scott Pape,

Australian financial expert Scott Pape, also known as “The Barefoot Investor,” recently exposed cryptocurrency scammers who used his identity to defraud his followers. The scammers created numerous fake Facebook groups mimicking Pape’s likeness in order to trick people into participating in their schemes.

Rather than waiting for Facebook

Rather than waiting for Facebook to remove the groups, Pape decided to engage with the scammers directly and document their tactics. One such tactic involved creating a “DB Wealth Institute” and offering crypto trading lessons via WhatsApp. Victims were encouraged to invest larger sums of money, and once they did, the scammers disappeared with the funds.

Pape’s experience highlights the dangers of cryptocurrency scams and the importance of vigilance when dealing with online investments.

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