Investment scam capitalizes on bitcoin trend

GRAND RAPIDS, Mich. (WOOD) — A new twist on a classic scam is taking advantage of the boom in the online currency bitcoin.

"This is capitalizing on the moment, on the hot streak that bitcoin is on, and in this case using it to scam people out of their money," John Masterson of the Better Business Bureau of Western Michigan said.

The BBB is sending out a warning about a Ponzi scheme-type offer that promises bitcoin returns that are too good to be true.

Full story: WOOD TV8


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