Earlier today whilst posting my most recent gold video on the Market Oracle's facebook group page, I immediately noticed a side link featuring an image of Peter Jones accompanied with the worrying message -

"Peter Jones In Deep Trouble"
http://businessinfodaily.com
The Family Of Peter Jones Are Shocked After Recent Bombshell Report."

In the UK virtually everyone whose even remotely interested in business knows who Peter Jones is because of his Dragon Den's fame. And I, like most like the guy! So unlike 99% of the ads that I just tend to ignore I clicked through to see why Peter Jones was in "deep trouble".

The ad clicked through to https://insidebusinessdaily.com, which is not the same domain as was listed under the facebook ad. The page presented was highly convincing, full of dozens of stills from the Dragons Den TV show which captured my attention.

I basically skimmed through the text until I got to "After her initial deposit of £250 was made, the trading platform went to work buying low and selling high. Within 3 minutes, she had successfully increased her initial funds to £323.18. That's a £73.18 profit."

Instantly I realised it was a SCAM! I know markets and this is just not possible for someone to open an trading account and for the trading system to then make instant profits of 30% within 3 minutes of its first trades!

SCAM ! SCAM ! SCAM ! SCAM ! SCAM!

In reality the result would likely be the OPPOSITE, i.e. an instant 30% LOSS for Anyone foolish enough to get sucked into this SCAM!

But what the hell was Peter Jones doing linking his good name to this SCAM! We'll he HAD NOT! As a quick search revealed that this is just the latest posting of very similar bitcoin trading scam fake ads onto the unsuspecting public that featured Peter Jones and other Dragons images probably illegally. So it was FACEBOOK FAKE AD.

There are two culprits at work here -

1. The scammers for their scam attempting to suck in gullible investors who will likely INSTANTLY LOST ALL OF THEIR MONEY!

2. FACEBOOK for perpetuating the scam. For I would never have come across this scam were it not for the fake Peter Jones ad right at the top of my facebook feed.

So once more this is FAKE Peter Jones Bitcoin Trading SCAM Ad that has NOTHING to do with Peter Jones! And I hope Peter Jones sues facebook!

There is a need for the Governments of the world need to REGULATE FACEBOOK ADs, because this is totally unacceptable behaviour!

FACEBOOK PROMOTING BITCOIN TRADING SCAMS IS TOTALLY UNACCEPTABLE!

So Facebook users always BEWARE! NEVER CLICK ON A FACEBOOK AD BECAUSE IT WILL LIKELY BE A SCAM!

As for the prospects for the Bitcoin price then see my last video in a series which warned of a collapse in the Bitcoin price.

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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