A very well-known scam used in the Trading field but also in Sports Predictions is the one known as "Baltimore Stockbroker". The name refers to the city of Baltimore because the historical narrative example to explain it is set in this city. This scam is not based on photomontages or incorrect signals but provides "accurate" predictions, for this reason users who do not know it are scammed.

HOW DOES THE SCAM WORK?
The scam is as simple as it is ingenious. Scammers identify a number of people to scam. Let's assume 100 people (the number can be variable, it is not important). These people are contacted privately (they receive signals/predictions via private messages or email). The scammer chooses a crypto/token/stock and then sends the signal. To gain trust, he provides free predictions. The scheme is as follows:

1) 100 users are contacted privately: 50 receive the "BTC Long" signal, another 50 receive the "BTC Short" signal (both with take profit). Free signal.

2) 50 users will make money (the market goes up or down) and will receive another free prediction: 25 the "ETH Long" signal and another 25 "ETH Short".

3) Again, 25 will make money again. These 25 people got 2 correct signals and earned money.

4) The next signal will cost a lot of money and will see the same tactic: 12 Long and 13 Short, etc.

5) The scammers continue by providing "infallible" signals (50%) and earning without any skill.

This technique is also used by sports prediction scammers who sell "fixed match" (Goal/NoGoal, 1X2, Under/Over, etc). The technique is the same. It works because those who are scammed cannot compare themselves with other users, and for psychological reasons they will be tempted to pay having made money with free signals.

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