Retirement Scam: Man Loses €120,000 in Latin America Investment Fraud

by drbyos
Beware of the “false dispute” scam on second-hand platforms: “At first, we believed it”

Little by little, the future retiree invests small amounts and notices, at the same time, that his invested capital increases quite quickly. He is then asked to increase his stake. In June of the same year, on the eve of the release of the latest iPhone, this trader with false good intentions asked Adam to deposit 15,000 euros into a cryptocurrency account.

Ten days pass, and these 15,000 euros turn into 23,000 euros. The fifty-year-old, thinking he was making the deal of the century, continued to deposit money. Of his 58,000 euros invested, his account shows 99,000 euros. The “trader” comes back to him and offers to buy shares in a software company that has recently arrived on the stock market. Total amount of investment? 150,000 euros. Adam refuses.

“I’m becoming paranoid”

Very quickly, things accelerate in the head of the father of the family. When trying to withdraw his money, he is asked for a photocopy of his identity card as well as the security code of his credit card so that he can receive his money as quickly as possible. Unfortunately, Adam realizes too late that he is the victim of a scam and that he will never see the color of his money again. And that’s not all: when Adam thought he would make money with his bets, he also turned to a private bank, where he believed he had invested 60,000 euros. In reality, the man was connected to a fake site and, again, the chances of getting his money back are slim.

Beware of the scam: individuals pretend to be RESA in the province of Liège, “they announce a reduction of €200”

This experience is terrible because today, as soon as I make a transfer on the Internet, I become paranoid“, the poor man finished.

Adam has hired a lawyer and hopes to at least get some of his money back.

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