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Berkshire Hathaway points warning on fraudulent web site



Berkshire Hathaway issues warning on fraudulent website

Berkshire Hathaway has issued a warning that there’s a fraudster posing as the corporate, utilizing the insurer’s title to make a revenue – however as a substitute of by way of fraudulent insurance coverage gross sales, the web site is hawking cryptocurrency “offers.”

The true Berkshire Hathaway issued an official assertion on November 18, noting that it was made conscious of the phony firm that afternoon. Berkshire Hathaway has additionally identified that the impostor is utilizing the online handle ‘berkshirehathawaytx.com;’ a URL the precise firm doesn’t use.

“The entity who has this net handle has no affiliation with Berkshire Hathaway Inc. or its chairman and CEO, Warren E. Buffett,” Berkshire Hathaway mentioned in its official assertion.

Insurance coverage Enterprise has investigated the ‘berkshirehathawaytx.com’ web site, discovering that the location payments itself as a “bitcoin trade” that’s “based mostly” in Texas. Statements on the web site additionally declare that its model of ‘Berkshire Hathaway’ is a ‘world CFD and FX dealer’ that’s ‘regulated’ by varied authorities each federal and worldwide.

The pretend Berkshire Hathaway gives varied cryptocurrency “funding plans” at totally different tiers, starting from “Bronze” (make investments $1,000 – $5,900 for 20% each day returns), “Silver” ($6,000 for 50% each day returns), and all the best way to “Gold” (make investments $10,000 to obtain $20,000). It additionally gives “limitless help” for patrons by way of 24/7 chat.

Data on the web site additionally claims that this “Berkshire Hathaway” entity is predicated in Montgomery, TX. When the handle on the web site is put by way of Google, the search returns an empty lot in a residential location.

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