Job-Related Bitcoin Scams

General New Jobs

Job scams are common on sites like Craigslist or others where individuals can post job listings. Frequently these Craigslist job scammers will post a job listing for a part time “assistant” position or something similar.

This job will involve the “company” sending you funds via check, cash, or direct bank wire, after which they will ask you to withdraw most of that in cash and send it back to them or to someone else as BTC, letting you keep the remainder as your “pay”.

The scammers may go as far as presenting legal documents for the business.
  • Under no circumstances should you use your own personal bank account or Bitcoin accounts on a company’s behalf.
  • Immediately inform local authorities of these requests as they typically represent the illicit laundering of proceeds.
  • Never cash a check you received from someone you do not know who is asking you to buy Bitcoin!

International Accounts

A scammer will post an advertisement stating that they work for a foreign business that needs a domestic bank account. They will “hire” you to open a domestic account on behalf of their business, which will then have funds deposited (supposedly revenue for the business). You are then told to withdraw a portion of the funds and send it to the owner via Bitcoin.
  • Under no circumstances should you open a domestic account on behalf of a foreign company, or use your own on any company’s behalf.
  • Immediately inform local authorities of these requests as they typically represent the illicit laundering of proceeds.

Job Materials/Agency Fees

Someone claims you owe them Bitcoin for “job materials” that they’ve purchased for you or to cover some type of “application” or hiring fees. These costs are good indicators of fraud, especially when combined with the request of Bitcoin specifically.

It can also take the form of a job agency or modeling/talent agency asking for you to pay them fees via Bitcoin for work they’ve booked you.
  • No talent or job agencies should be collecting fees from you in this manner.
  • Agencies of these types make their money in small percentage based cuts from the contracts they’ve booked for you, and only get paid when you do.

Avoiding Job Scams

  • Any job related expenses should never be paid for by individuals with an anonymous and irreversible currency such as Bitcoin, even for contractors.
  • Companies that actually utilize Bitcoin for purchases or other costs will never ask private individuals to acquire it for them. If they are indeed using Bitcoin, they will have their own corporate accounts specifically made for such purchases.
  • If the person requesting is working on a contract it is up to the contracting company, not a private individual, to ensure the needs of the contractor are met.
  • The large majority of companies want nothing to do with Bitcoin due to it’s anonymity and irreversibility, which makes it difficult for businesses and their banks to reconcile properly.