Scams with cryptocurrencies are still common on the internet and in various social networks, they can occur on YouTube, Twitter, Tinder and even LinkedIn. According to local news, a woman from Ohio (USA) is lost $600 thousand after falling for a scam that started on LinkedIn.
According to information from the police in the region, the 53-year-old victim told investigators that it all started after a contact via LinkedIn. The man who contacted her said that he was a cryptocurrency investor and presented a great opportunity to make money.
The victim said he eventually believed the promises and decided to make an investment, which ultimately resulted in a “quick profit” that led the victim to invest even more money in the scheme.
Police say the investments were made through the Coinbase brokerage and with transfers to another account that the victim had not yet realized was fraudulent.
After a series of investments, totaling $600,000 invested, the victim tried to withdraw his “big” profits from the account on which the investments were made and it was here that the second part of the scam started.
Classic scam required payment of tax to withdraw the money
When she tried to withdraw the amount she had earned from the investments, the coup was carried out using a tactic used by many other similar scams. The scammers, pretending to be a legitimate company, started claiming that it had to pay fees and taxes on top of the amount to be able to withdraw, in addition to making a deposit for the amount to be released.
This is a classic part of countless scams that take place on the internet and many even end up in this second phase, giving criminals even more money.
Fortunately, the woman noticed that something was wrong and decided to report everything to the police.
But unfortunately, from the first payment, the money sent to these scammers will probably never be recovered and it is a form of scam that is ubiquitous in every corner of the internet and in different countries.
The main thing is to always be careful and never make the first investment. Just like in any other area of life, if it sounds too good to be true, it probably isn’t. That is why it is always essential to be careful with the investments you make.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
