The St. Francis couple who are among the news faced a tragic date. The woman assumed that she had earned thousands of dollars of BTC after investing in the coin. Thinking on those lines, he also thought of surprising her husband.
But the reality was far from this.
What Happened Behind the Scam?
She found a crypto investment opportunity on Facebook. She responded at once. But she could barely realize that she was falling prey to one of the many phishing scams related to crypto.
Naturally, the scheme seemed promising and lucrative in one go. In haste, she also invested $30,000. However, some weeks later, it seemed she had multiplied her amount!
Scott recalls that the returns seemed better than the whole stock market. The fake crypto platform claimed that she had accumulated around $100,000 worth of crypto.
But the deadliest blow came in just after that. Excited by the gain, she invested another $55,000. It is obvious that the money also went to waste!
The Drama During Withdrawal
When she tried to withdraw money from her winnings, the agency told her that she could do that after paying $30,000 as fines and taxes due.
She was gripped by paranoia by then. As desperate as she was then, she couldn’t control the urge to clear the remaining formalities and get her money back. So, she gave away another $30,000.
But she couldn’t withdraw even a dime. After finally losing $80,000, she came to realize that she had been scammed.
The Scam Pattern
Identifying the scam pattern is easy. At first, most scammers will try to siphon small amounts from you. It is expected that around 50% of the people will give in at that time. However, most people become aware after the initial stage and check their losses.
But seldom do people like this lady fail to control the urge for easy winnings and give in to their plots.
Once you indulge, they will show you the fake platform and fake user profiles. They will also create a fake account of yours. At a point, you will be convinced that they are genuine. After that, they will scam you by offering big claims. For example- doubling the investment in just 2 or 3 weeks.
But the question that most ask is Why do learned men get scammed like this?
The answer to that is also quite simple. The scammers maintain their professional outlook. They are so skilled in their art that you cannot differentiate them from genuine brokers. Have you received such phishing calls lately?
