Bitcoin + online chain referral = illegal scheme

Bitcoin + online chain referral = illegal scheme by Amy Hebert Consumer Education Specialist, FTC Ever get a chain letter in the mail or online? Then you know the drill — you send money to a person at the top of the list, then take their name off and add yours to the bottom before sending the letter to more people. If the letters keep going, you're supposed to make money as your name moves up the list. In fact, most people are guaranteed to lose money. Chain letters have been around for decades. Today's twist: online chain referral schemes involving cryptocurrencies like bitcoin and Litecoin. Read more > This is a free service provided by the Federal Trade Commission.

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