Cryptocurrency Investment Fraud

Investment fraud, including cryptocurrency fraud, takes many forms, but they all have one thing in common – the big lie that you can make tons of fast cash! If you believe you have been misled or think you’ve seen a cryptocurrency investment fraud, report it to the Competition Bureau: https://www.competitionbureau.gc.ca/e...

Transcript

Title/Cover: Cryptocurrency Investment Fraud

Scene 1: Audio
Meet Jo, like many Canadians…

Scene 1: Visual
Image on-screen: Visual shows a figure on screen sitting sideways on a chair in their living room. The figure is scrolling through social media feed on their device.

Scene 2: Audio
…they’re tempted by cryptocurrency’s fantastic financial potential.

Scene 2: Visual
Image on-screen: Visual changes to close-up of scrolling, zoom in on a flashy investment ad with animated text that reads: “400% return in 2 weeks! Cancel anytime. INVEST NOW before it’s too late.” Visuals of crypto currency symbols display near the bottom of the screen. Hand animates into frame and a finger presses on the “INVEST NOW Before it’s too late” button.

Scene 3: Audio
Seduced by promises of high profits and guaranteed returns, Jo takes the “plunge.”

Scene 3: Visual
Image on-screen: Visual of the figure holding their mobile phone in one hand and in the other hand, their credit card to transfer funds. Animated text on the right side appears “- $15,000” in red with an arrow pointing down to animated crypto currency symbols to indicate that they are investing real money in cryptocurrency on the fraudulent platform.

Scene 4: Audio
But over time, Jo will realize that online ads exaggerated potential earnings and their guarantees were fake.

Scene 4: Visual
Image on-screen: Visual of an arrow rises through graph with five-star reviews animate below with text that reads “Just made $10k in a week! That’s totally legit. $$” and text that reads “The ultimate crypto investment solution!!!”. As the visual of the arrow on the graph continues to rise, the word “FAKE” animates over the graph and gets bigger and smaller a few times as a alert warning to the viewer.

Scene 5: Audio
In the world of cryptocurrency…

Scene 5: Visual
Image on-screen: Visual of the figure’s index finger clicking on a button with on screen text that reads “WITHDRAW”.

Scene 6: Audio
…fraudsters are exploiting your lack of knowledge...

Scene 6: Visual
Once clicked, the button changes to red with animated text that reads “FAILED” on screen

Scene 7: Audio
…with deceptive tactics like phony reviews and fake celebrity endorsements.

Scene 7: Visual
Image on-screen: Scene changes to a close-up of the figure looking down at their mobile phone with a surprised expression on their face. Their expression quickly changes to a frown discovering that their money disappeared, they cannot withdraw the cryptocurrency they thought they purchased, and they have been defrauded.

Scene 8: Audio
If you come across misleading investment ads report them to the Competition Bureau.

Scene 8: Visual
Image on-screen: Visual of the Competition Bureau’s website on a laptop computer animates on screen with text that reads “Competition Bureau Canada”. Text that reads “Complaint Form” animates at the top of the computer screen in the search bar.