Montreal Woman Loses $25,000 in Fake Cryptocurrency Scam

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A Montreal woman was swindled out of approximately $25,000 through an online scam involving a falsified cryptocurrency trading platform endorsed by Elon Musk. The woman’s identity has not been revealed. She was deceived after coming across a deepfaked appearance of Musk on a revenue-generating show.

A woman came across a deceptive Facebook post during her online browsing, which piqued her interest due to her current financial predicament. Intrigued, she clicked on the link provided in the post and found herself on a false website. Shortly after arriving, she was contacted by a broker affiliated with the platform who offered advice on signing up and making an investment.

She earned income from it, the exact amount wasn’t clear to her, but she observed her earnings growing nearly every day. This brought her joy and motivated her to meticulously track each investment in a spreadsheet.

After withdrawing her funds, the company unexpectedly postponed the process and requested additional expenses and a security deposit. Unfortunately, she discovered later that it was all part of a scheme, and the criminals had already made off with her money before she could prevent it.

According to Jeff Horncastle from the Court of Appeals for the Federal Circuit, who is responsible for enforcing regulations, investment scams face great risks. Horncastle advises investors to conduct thorough investigations into the legitimacy of trading platforms and ensure they are satisfied with the justification behind any investment proposal before fully committing their funds.

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2024-04-21 01:24