Thousands of Dollars Lost in Online Investment Scams

Thousands of Dollars Lost in Online Investment Scams

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

The transcript discusses a scam involving a website called Secure Investment, which deceived sophisticated day traders and professionals like doctors and engineers. The scam promised high returns through foreign currency trading, but most returns were virtual. The scam's operations were unclear, with speculation about funds ending up on Bitcoin exchanges. Some early investors managed to withdraw money, but many were left with nothing. The scam is likened to a pyramid scheme, with early participants benefiting at the expense of later ones.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the scammers create the illusion of successful trading?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What ultimately happened to the investors who tried to withdraw their money?

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