The BBC is reporting that a spoof news page is being used to convince members of the public to invest in a bitcoin scheme and using fake news to link the brand to entrepreneurs.

Previously adverts have also appeared on social media claiming that high profile entrepreneurs such as Lord Alan Sugar and Sir Richard Branson were backing the scheme.

“An investment scheme is using a fake BBC News webpage to convince members of the public to hand over funds.

The spoof page references a Bitcoin-themed documentary broadcast by Panorama last year, but links on the page direct visitors to a site promising to make them a millionaire.

Reports indicate that the fake page is being spread via emails sent from hacked accounts.

A spokesman for the BBC said it is looking into how best to respond…

…The fake BBC News page contains a lengthy article describing an “underground banking system” that allows investors to turn small deposits into “a fortune”…

At the bottom of the page, a countdown clock indicates that there is little time remaining to enrol in the venture.

City of London Police’s cyber-crime team has previously warned users against this tactic.

“Always be wary if you’re pressured to invest quickly or promised returns that sound too good to be true,” it said when it discussed the con last April.

One of the indications the latest bogus webpage is fake is its address, which does not correspond to the bbc.co.uk or bbc.com domains used by the broadcaster….

Read more at Fake BBC News page used to promote Bitcoin-themed scheme