Teacher was told Elon Musk would double her Bitcoin investment in scam

A teacher lost £9,000 that she had hoped to use as a house deposit after falling victim to a Bitcoin scam that promised Elon Musk would ‘double her investment’.

Julie Bushnell, from Farnborough in Hampshire, lost thousands of pounds after visiting a fake BBC News website that said the billionaire was having a Bitcoin ‘giveaway’.

The website, which is made to look like BBC latest binary option news trading and is still active, advertised that Mr Musk had bought $1.5billion worth of Bitcoin and was doubling people’s cryptocurrency investments.

There is no suggestion Mr Musk was involved in the scam. 

An active trader herself, the Brighton teacher and mother thought to take advantage of the eccentric Tesla CEO’s generosity, but quickly realised she had been a victim of fraud.

Con artists were able to swindle £9,000 out of Ms Bushnell, who has revealed the lasting effects the scam has had on her.

Speaking publicly for the first time since the incident, she said she was ‘ashamed and embarrassed’, suffered panic attacks and was constantly ‘crying and shaking’. 

The news comes as cryptocurrency trading experts revealed blockchain ‘giveaway scams’ have skyrocketed in 2021, costing victims more than £13million globally.

Science teacher Julie Bushnell (pictured) lost £9,000 that she had saved for a house deposit when scammers tricked her into believing Elon Musk was conducting a Bitcoin giveaway

Science teacher Julie Bushnell (pictured) lost £9,000 that she had saved for a house deposit when scammers tricked her into believing Elon Musk was conducting a Bitcoin giveaway

Ms Bushnell is an active cryptocurrency trader herself, and was lured in by a fake website that looked similar to BBC News

Ms Bushnell, who invests in cryptocurrency herself, was lured in by the website that looked similar to BBC News – which claimed Mr Musk, chief of electric car firm Tesla, would double Bitcoin deposits.

She handed over £9,000, which she had intended to use for a house deposit, but soon realised something was amiss when she did not receive anything in return.

The teacher frantically scurried to suspend her Lloyds account and any pending transactions, but it was already too late. 

She was left ‘crying and shaking’ and spent hours combing the web to see if there was a way she could reclaim her money. 

The science teacher insists she still thinks about her actions ‘every day’ and wants to raise awareness to ensure others don’t fall victim to similar scams. 

The fake website (shown above) which used branding similar to BBC News, advertised a Bitcoin giveaway by Tesla CEO Elon Musk. The website is still active

The fake website (shown above) which used branding similar to BBC News, advertised a Bitcoin giveaway by Tesla CEO Elon Musk.

The website is still active

After being conned by the fraudsters, Ms Bushnell decided to go public with her story in a warning to others.

She told The

‘I tried to sleep but couldn’t as I was having constant panic attacks and couldn’t stop shaking.

‘I feel utterly depressed and I don’t know where to turn or how I will get past this horrific situation. 

‘I can’t eat or sleep properly and I keep crying while at work and running off to the toilets during the day and breaking down in floods of tears feeling ashamed and embarrassed of what has happened.’

Real time blockchain trading analysis website Whale Alert estimated Bitcoin scams had stung more than 10,500 victims over the course of 2020. 

The cryptocurrency experts behind Whale Alert also warned that scammers ‘are becoming more professional and dangerous’.

In the first few months of 2021 alone, con artists have claimed more than £13million from 5,600 victims in cryptocurrency giveaway fraud.

Ms Bushell has reported her crime to Sussex Police, who have been contacted to provide comment.  

She told the

‘They have robbed me of my dignity, self-respect, self-worth and strength. They have sucked all the goodness of life out of me.

‘I want to raise awareness of this scam so it doesn’t happen to other vulnerable people.’

In a statement, the BBC said it is ‘taking action to close the site down’.  

Cryptocurrencies are ‘mined’ by high-powered computers that require huge amounts of energy to continuously solve computational maths puzzles. 

With each solved problem, a certain amount of coin is produced. While the machines use electricity, fossil fuel is a major category in electricity generation. 

The rising price of Bitcoin over the last two years has resulted in carbon emissions increasing by more than 40 million tons – the equivalent of an additional 8.9million cars on the road.

As of today, one Bitcoin is worth £36,145.70. 

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