The latest batch of get-rich-quick scams plaguing the Internet are going under the name Qumas AI, and they’re largely the same as their predecessors, using fake celebrity stories and social media ads to hook in potential victims.
Our regular readers will be familiar with how these schemes operate…
First, a sponsored advert on social media platforms such as Facebook or Twitter claiming some well-known celebrity has released or exposed details on some ‘revolutionary’ money making system.
Second, the advert links to a spoof news webpage detailing how the celebrity exposed the system that can make anyone rich by doing nothing.
Thirdly, that spoof news webpage links to the get-rich-quick scam website, which is chock-full of misleading claims about how rich you can get once you hand over your email address and sign up for an account.
And finally, once a potential victim signs up, they’re forwarded to some unregulated trading platform, urged to deposit a few hundred bucks where they’re promised all they need to do it sit back and relax and watch the money roll in.
Of course, that’s not what’s going to happen. In reality, that money is almost definitely going to be lost (or stolen) leaving the victim out of pocket and without their promised riches.
The latest batch of this type of get-rich-quick scam is going under the name of Qumas AI, and it’s just the same as previous iterations of the same scam (previous iterations including names like Bitcoin Loophole, Bitcoin Trader, The Brit Method, Oracle Trader)
Sponsored Content. Continued below…
Circling back to step 1 from above, in this case… the social media sponsored adverts are claiming England and Arsenal footballer-turned-pundit Ian Wright had landed himself in trouble with a “shocking revelation”.
The sponsored ads are popping up on Facebook, and a quick search of the Facebook Ad library reveals hundreds of similar ads targeting people in the UK. (Of course Facebook does little to either identify or remove them, such is the exceedingly poor security approach of the platform.)
That advert links to a spoof Guardian webpage (spoiler alert: it’s not really the Guardian) claiming the Bank of England is suing Ian Wright for what he said on The Graham Norton Show.
That fake Guardian story then links to the scam website itself (below) which is really just a mish-mash of unrealistic claims, fake testimonials, out-of-context videos about Bitcoin, false endorsements and various lies about what Qumas AI is and what it can do.
In this case, the final step, after signing up, was being directed to a trading website hosted on a domain that was only created last month.
Trading scams are popular online, and are often bolstered by a network of fake trading reviews. Thankfully there are always a number of red flags when it comes to spotting these scams.
We can only assume that because these scams are still being prolifically advertised on social media that they’re still sucking in new victims to justify the ad expenditure. Hopefully we can start turning that tide and make these scams unprofitable. So please warn your friends and family!
