Ransomware Crowdfunding Scam: BEWARE!

BEWARE of a new ransomware that is “crowdfunding” bitcoins, claiming to be a charity.

The The so-called “Global Poverty Aid Agency” is a group of theives masquerading as a non-profit and encrypting computer files thinly disguised as a non-profit trying to save children.

In typical extortion campaigns, if you pay the ransom you get the key to unlock your computer.

However, the GPAA refuses to provide the key until their mock goal of 1,000 Bitcoins is reached.

Taking nasty scams to a new level, this one wins a prize – hopefully jail time.


About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Legislative Intent, SEC, Small Business, technology, unfair and deceptive practice and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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