The platform, called “TradeGPT,” claims to make it easier for “ordinary people” to start trading stocks and commodities. But the platform has nothing to do with Elon Musk or OpenAI and is fraudulent! Our Watchlist Internet warn!

Fake News: Grazer gets rich through new platform “TradeGPT”.

Fake articles in the name of the Kronen Zeitung are circulating online. The fake Krone newspaper website reports about a “simple grazer” who earned a million within a few months.

Example of a fake article from the Kronen-Zeitung. Screenshot: Watchlist Internet
Example of a fake article about the “TradeGPT” platform. Screenshot: Watchlist Internet

The man, who is said to be called “Norbert Pogrzeba,” used to work at Spar and found it difficult to make ends meet. Then he discovered the new investment platform “TradeGPT”, which was supposedly developed by Elon Musk and OpenAI. The platform uses artificial intelligence and supports investors in stock and raw material trading. Through automated trading, users of the platform make high profits within a short period of time with small investments. The high returns are allegedly possible due to a “loophole” in the financial market. Readers are encouraged to invest immediately as the platform only allows limited users and this loophole may be closed soon.

Criminals are forging the Kronen Zeitung website and spreading fake news via a new investment platform. Screenshot: Watchlist Internet
Screenshot: Criminals forge the Kronen Zeitung website and spread fake news via a new investment platform. Screenshot: Watchlist Internet

Different platforms such as trade-gpt.ai or financialpronews.com are then linked in the fake article.

Visually, the website looks like the Kronen Zeitung. However, you can tell from the wrong internet address that you are not on the real Kronen Zeitung website.

Advertising on Facebook, Instagram & Co.

The fraudulent platforms are advertised on all popular social media platforms. The fake trading platforms are also spread in Telegram groups or through dubious Internet acquaintances. The latter is a special form of love scam , the so-called crypto love scam .

Fraudulent investment platforms advertise on Facebook (left) and in Instagram stories (right). Screenshot: Watchlist Internet
Fraudulent investment platforms advertise on Facebook (left) and in Instagram stories (right). Screenshot: Watchlist Internet

Report fraudulent posts to the respective platform. In Saferinternet.at's privacy guidelines you will find instructions on how to report posts.

What happens when I register with the trading platform?

Registering with the fraudulent investment platforms is easy. You only provide your name, email address and phone number. Then you receive a call – supposedly your personal advisor. The person will give you precise instructions on how to use the platform and what amounts you should deposit.

After just a short time you will start making profits. This of course encourages further deposits. Your advisors also motivate you to keep going and promise even higher profits.

Fraud is only noticed because no payout is possible

Victims invest increasingly larger amounts in the belief that they will achieve very high profits. The fraud is only noticed when you want to have the winnings paid out. That is not possible. The consultants either demand fees (e.g. for taxes or certificates) or simply block the account. All the money is lost.

Attention: In order to keep up appearances, sometimes even smaller amounts are paid out. However, users are repeatedly instructed to invest the money again.

I invested! What can I do?

  • Stop making deposits. Not even if you pressure the supposed consultants to do so or promise you that you will then get your winnings.
  • Contact your bank or credit card company. It may be possible to get the money back.
  • File a police report.
  • Report the platform to the Internet Watchlist and the Financial Market Authority .
  • If you have financial problems, debt counseling .

Beware of follow-up fraud

Often the criminals will contact you again after a certain period of time. They pose as authorities such as the Financial Markets or Stock Exchange Authority, lawyers, Interpol or foreign police authorities and pretend to help you recover your losses. This is a scam called Authority Scam. Ignore such contact attempts.

There are also websites and offers on the Internet that promise to get your losses back. But here you are being cheated again.

Source:

Watchlist Internet
Already read? Facebook users are being duped with a fake child abduction. Apparently little Emilia is missing. But be careful: This is a fake missing person report. In the end, the loss of the Facebook account lurks. Mimikama explains and warns: Fraudsters are faking child abductions on Facebook .


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Notes:
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