Bitcoin Expert Schools ‘Idiot’ Scammer in Legendary Fashion

Journalist:
August 6, 2019

Somewhere, there’s a crypto scammer ruing the decision to pitch a fraudulent investment scheme to Bitcoin educator Ben Perrin.

The Canadian YouTuber turned the tables on the scammer in epic fashion, defrauding the would-be thief and donating the proceeds to charity.

So how did Perrin do it? The same way fraudsters manage to steal from their victims – winning their confidence before emptying their pockets.

How Ben Perrin Turned the Tables on a Bitcoin Scam Ring

Tables turn on a Bitcoin scammer | Source: btcessions.ca screenshot

Writing on his blog, Perrin provided a hilarious account of how he flipped the script on that would-be scammer, who messaged him offering him an “exclusive investment offer.”

The “life-changing opportunity” would see Perrin double his investment in “just 24 hours” by passively investing his funds in a Bitcoin mining operation.

The fraudster explained:

“It’s a bitcoin mining investment platform for people planning to start up their own bitcoin mining but are unable to do so because of they do now [sic] want to go through all the hassle and stress involved in setting up a bitcoin mining venture,” the scammer said, adding that the mined BTC would be automatically sent to his “receiving wallet address.”

Despite recognizing it to be a cryptocurrency scam from the start, Perrin decided to play along.

Convincingly, the Bitcoin educator pretended to be a cryptocurrency newbie going to the extent of feigning ignorance about cryptocurrency wallets.

The scammer offered to help, but Perrin hooked them with a catch – they would have to transfer a small amount to Perrin first to win his confidence.

Hook, Line & Sinker

The scammer, “susan,” balked at his request for $100, but just like fraudsters create a sense of urgency by suggesting the opportunity might disappear, Perrin lied that he had received a competing offer and planned to invest 1 BTC there instead.

“Susan” took the bait, and agreed to send $50 to Perrin, who would then invest 1 BTC in the Bitcoin mining scam.

Bitcoin scammer gets a rude shock. | Source: btcsessions.ca

It must have come as a shock to “susan” when she realized that she had just been beaten at her own game.

After receiving the funds, Perrin yanked off the curtain in legendary fashion, lobbing a few choice insults at “susan”:

“You idiot scammer a**hole,” he gloated, “I’m donating your money to Bitcoin Venezuela… Go get a f**king job and stop being a piece of s**t.”

“Please don’t,” the scammer replied.

Mark Emem @cointributor

After words, numbers are my other love... mostly when they are going up and they have nothing to do with taxes or expenses. That makes green my favorite color! Currently a resident of Nairobi, Kenya. Follow me on Twitter @cointributor or email kointributor[at]gmail.com