An Elderly British Woman Falls Into a Cryptocurrency Scam and Loses $84,000
Cryptocurrency scammers have targeted an elderly British woman and have illegally obtained a massive amount of money from her by deception. A 72-year old woman who is a resident of the United Kingdom fell into a cryptocurrency scam and lost £65,000 ($84,000). She was fooled twice by scammers.
Scam Broker Extick and the Fraudster FCA Investigative Officer
As reported by The Telegraph on November 1, the victim’s name is Amanda Briggs. She wanted to make money by trading with cryptocurrency. An episode on the famous TV show of BBC called Dragon’s Den which centered on Bitcoin influenced her to step into cryptocurrency.
She decided to pour her money into a cryptocurrency broker known as Extick which turned out to be a scam. Amanda invested around £42,000 into this broker but eventually lost it as the broker got shut down afterward. Amanda made this investment despite getting a warning from her bank called Barclays. She found those people who were operating this scam broker “very persuasive”. She said that she saw her investments growing up.
Amanda came to know about it when she went to withdraw her money. However, scammers had drained all of the money from her account by then and there was only an amount of £91 left out there. She had planned to use this money made out with cryptocurrency for sending her grandchildren into a private school. Instead of making potential gains, she lost what she had invested.
After losing this massive bunch of money, she got fooled once again. This time she became a victim of a fraudster who made her believe that he was an Investigative Officer from the country’s Financial Conduct Authority (FCA). The fraudster contacted through an email and persuaded her to pay him £25,000 while ensuring her to return the initially lost money.
Elder people on the target of crypto scammers
It is not the first time that an elder woman has been scammed out. Such kinds of incidents have also happened in the past. In 2019, fraudsters defrauded $900,000 in pension funds from an Australian old couple.
Cryptocurrency scammers seem to have made elder people their main target as it becomes easy for them to persuade old people.
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