Internet reports that the North Dakota Department of Securities issued a warning, saying that some "investment education foundations" claim to teach investors about cryptocurrencies and stocks, but they are actually scams. These scams use deceptive techniques, including "risk-free" trials and fake loans, to persuade victims to invest and pay excessive commissions. Such scams typically start with social media ads that direct potential victims to Whatsapp groups run by fake founders and automated robots. In these groups, the so-called founders would provide investment courses and then introduce a fraudulent cryptocurrency exchange. Investors will initially receive "free" tokens to test an artificial intelligence trading robot that will falsely generate profits. Encouraged by the illusion of success, people deposit real money, and if they lack enough, scammers will direct them to fake loan providers on Telegram. The loans were credited directly to fraudulent exchanges, but victims quickly discovered that they could not withdraw any funds unless they repaid the loans or paid false commissions. The scams use regulatory issues as an excuse to freeze accounts, and then the scammers close the business and rename it under a different name. To gain credibility, scammers may produce authentic government documents, claim to be registered with the U.S. Securities and Exchange Commission (SEC) and the U.S. Treasury, and post misleading articles online.