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4 common ways scammers use celebrity names to lure victims

All that glitters is not gold – look out for bogus celebrity endorsements and other con jobs that aren’t going out of fashion any time soon

Online scams are one of the favorite ways criminals like to swindle unsuspecting victims out of their hard-earned money. And con artists like to defraud their targets using different flavors of con jobs.

These schemes often exploit topics du jour, such as COVID-19 vaccinations, or involve scams promising an inheritance from a long-lost relative. Let’s look at several ways con artists abuse the names and images of the rich and famous to break the banks and hearts of not only loyal fans.

Cryptocurrency giveaways

This one could be considered a scam favorite. Fake cryptocurrency giveaways have been around since cryptocurrency stopped being the purview of Satoshi Nakamoto enthusiasts and started making waves once it hit mainstream coverage. 

To reach as many people as possible, criminals use an array of channels, often hijacking YouTube accounts with a large number of followers or spreading the faux giveaways through Twitter. They then ask people to send digital cash to a bitcoin address, promising to double the sum as part of the giveaway; the victims will never see a dime of their cryptocurrency ever again.

To make it seem legitimate, scammers try to make it look like the giveaways are endorsed or funded by tech titans. Bill Gates is often impersonated in these scams, which is an odd tactic since the Microsoft founder has often spoken out against cryptocurrencies. However, Elon Musk is a big fan of cryptocurrencies and as such is also often impersonated when it comes to these scams. In one such attack, the name of the Tesla and SpaceX boss was even incorporated in the Bitcoin address itself.

Facebook Live, guess and ye shall receive – or not

Some celebrities enjoy interacting with their fans by going live on Facebook or Instagram. While fans appreciate the efforts their favorite celebs put into creating content for them or that they answer some of their questions, scammers use the live videos to trick loyal fans out of money.

To this end, a criminal will create fake accounts that mirror the celebrity’s real social media accounts, including posts, pictures and videos. However, the name will be misspelled or supplemented with a word like "TV", "fan page", etc.

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That will be followed with live streaming a video that the celeb posted or live streamed some time ago, with the description reading something like, “the first 1000 to comment will receive US$1,000”, and complete with using trending hashtags to make it easy to find.

Once fans interact with the video, they’ll get a message with instructions on claiming their prizes, which might involve clicking on a link and filling out their sensitive personal information or sending money from their account. They’ll lose the money and their data can be abused for further scams.

Want to support my charitable cause?

Another celebrity scams involves creating bogus accounts impersonating celebrities and reaching out to fans directly in messages. This can occur on any social media, Facebook, Instagram, Twitter, etc.

The tactic isn’t sophisticated; the victims receive a direct message from the bogus account and the impostor acting as the celebrity will ask them to contribute to a charity they are purportedly supporting. They could be offered tickets to non-existent private concerts and other pretexts that would convince them to part with their money.

As is usually the case, the victims will lose money and the charity will never see a penny of the money the victim “donated”. For example, a Bruce Springsteen impersonator was able to trick one person out of more than trick one person out of more than US$11,000.

Invest in this, I did!

Another popular strategy employed by online con artists to make a quick buck – trick unwitting victims into putting money into “investments” that are supposedly backed by celebrities.

Investment scams aren’t new, and always communicate the same message – multiply your investment quickly and easily while mostly implying that the outcome is “guaranteed”. This is another twist on the same old concept.

The scheme usually takes the form of various popup ads posing as articles claiming an amazing return on investment, complete with headlines like “celebrity X invested in this company or product and saw the investment quadruple” or “celebrity Z advises to put your money in this as it is the future”.

The investment opportunity is usually fake and sometimes the opportunity may be based on a real one, but the money will never be deposited. Only the criminals behind the scheme are getting rich.

How can you stay safe?

Spotting scams like these doesn’t take a lot of work, thanks to protective measures taken by social media platforms to distinguish real celebrities from impostors. When a “celebrity” contacts you, the easiest to do is take a look whether their profile is verified; Facebook, Instagram, and Twitter all use a verified badge in the form of a tick next to the username.

Various charities and investment opportunities can be checked out through a quick Google search to see whether they are genuine. For safe measure you can contact them directly about whether they are cooperating with a specific celebrity.

The best way to protect yourself is to remain vigilant and question everything that seems even a tiny bit suspicious. And following up on those suspicions won’t hurt. After all, if something sounds too good to be true, it almost certainly is.