AG’s Office Warns of Cryptocurrency Pyramid Scheme - Articles

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Posted by: Kate Prince on Sep 28, 2021

The Tennessee Attorney General is warning consumers about recruitment schemes being offered by various Bitcoin websites. The Division of Consumer Affairs (DCA) say the complaints coincide with an uptick in companies claiming to use artificial intelligence and Bitcoin to maximize returns on investment. These companies offer money for every additional investor you recruit. Tips on avoiding the pyramid scheme and how to report complaints can be found on the AG’s website. Additionally, the AG’s podcast, “Making the Case,” has a corresponding episode on the consumer warning.