John Bollinger warns about cryptocurrency scams where fraudsters impersonate him to deceive investors. They use counterfeit copies of his book and operate under a fake company name, soliciting money for bogus investments. One victim lost $60,000, highlighting the seriousness of the issue. Bollinger stresses not to accept solicitations made in his name.
John Bollinger, a well-known figure in trading circles, has recently issued a serious warning concerning a surge in cryptocurrency scams. He revealed that fraudsters are impersonating him to manipulate unsuspecting investors. This isn’t just a petty crime; it’s a well-orchestrated scheme that’s using his reputation to mislead potential victims into trusting them.
The scammers have been distributing forged editions of Bollinger’s own book, “Bollinger on Bollinger Bands,” which was first released long ago in 2001. This deceptive tactic aims to create a façade of legitimacy, making their approach more convincing. By presenting themselves as affiliates of Bollinger, they hope to exploit his standing in the financial community.
Operating under the name Diamond Ridge Asset Management, which Bollinger has stated is likely not a legitimate firm, these fraudsters lure victims in with promises of lucrative investment opportunities. Once they’ve established a sense of trust, the scammers solicit funds under the guise of these fake ventures. One unfortunate victim reportedly lost around $60,000, underscoring the potential dangers involved.
Bollinger emphatically cautioned the public against engaging with any solicitations made in his name, stating, “Never, never accept solicitations on ‘my’ behalf!!!!” He added that while the situation also involves copyright infringement, that’s not the primary focus of his concern. The crux of his message is about consumer vigilance in an area rife with opportunists.
