Facebook status messages claiming that the “Lion’s Den” could make Germans rich with oil are causing a stir. They easily promise thousands of euros per day on an oil trading platform. We warn against this tempting promise. It is a scam that has nothing to do with the well-known program “Lion's Den”. Anyone who falls for this is risking their money.

What's behind the headline?
An alleged article in the BILD newspaper claims that starting capital of just EUR 250 is enough to earn EUR 7,3810.10 a day with the “Oil Profit” product that was supposedly presented in the “Lion’s Den”. However, this claim is fictitious and is used as a lure to lure victims to a fraudulent trading platform.

The true story behind the title
Some Internet users may be tempted to take up these tempting offers, especially since 250 euros in starting capital does not represent a big risk for many. In fact, behind this headline are criminals who operate fraudulent platforms. The alleged BILD article and the link to the well-known TV show “Lion’s Den” are only intended to create trust.
Fraudsters who register on the trading platform are usually contacted by phone to discuss how to proceed. High profits are even faked in order to persuade victims to invest further. Experience with similar fraud platforms shows that victims often suffer significant financial damage.
How to recognize the fraud!
There are some warning signs to look out for:
- Fabricated news articles: At first glance it may seem that the article comes from BILD, but upon closer inspection it becomes clear that it is a fake.
- Unrealistic promises of profits: Be skeptical if incredible profits are promised in a short time and with little investment.
- Missing imprint: If you follow the links in the news article, you will reach a website where there is no information about the company behind it.
Have you invested? What now?
If you have already invested money, do not allow yourself to be pressured by alleged financial advisors and do not make any further deposits. Instead, you should report it to the police and discuss how to proceed. You can also contact your credit card company to possibly get your money back, although the chances of this happening are slim. However, you should exhaust all options to get your money back.
also read
- Facebook: Protect yourself from fraudulent ads
- The power of emotions: Why we often only recognize fraud late
- Better not post this! How scammers can exploit your online information
- What a floating trash can tells us about fake news and disinformation
- Take time for Facebook: A conscious use of the social network
- Facebook chain letters targeted: A satirical analysis
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