John Bollinger Warns Investors About Crypto Scam Impersonating Him

Renowned technical analyst and creator of Bollinger Bands, John Bollinger, has issued a serious warning about a growing cryptocurrency scam exploiting his name and reputation. Fraudsters are reportedly posing as his partners to deceive potential investors.

The scammers are operating under the fake entity “Diamond Ridge Asset Management” and are distributing counterfeit copies of Bollinger’s acclaimed book Bollinger on Bollinger Bands, originally published in 2001. This tactic is being used to establish legitimacy and gain the trust of unsuspecting victims.

After building credibility, the scammers proceed to solicit funds for fraudulent crypto investment opportunities. According to Bollinger, one victim reportedly lost as much as $60,000 to the scam. He emphasized the importance of remaining vigilant, stating, “Never, never accept solicitations on ‘my’ behalf!” He also noted the act constitutes copyright infringement.

This incident highlights a broader issue in the cryptocurrency market, where impersonation scams are increasingly common. As digital assets continue to gain popularity, so too do bad actors targeting new and inexperienced investors. Bollinger's name, recognized globally for his contributions to technical analysis, is being misused to add credibility to these illicit schemes.

Investors are urged to verify the legitimacy of investment offers and avoid engaging with entities claiming to represent Bollinger or his brand without proper verification. The best protection against such scams remains awareness and caution.

As Bitcoin (BTC), Ethereum (ETH), and XRP remain in the spotlight for their volatile price movements, traders must stay alert not just to market shifts but also to potential security threats.

Stay updated on crypto scams and security alerts to protect your investments. Use trusted sources, and always double-check any unsolicited investment offers, especially those linked to well-known figures like John Bollinger.