Thames Valley local becomes a victim of a Bitcoin scam.
A report from The Royal Borough Observer on Friday reveals that a resident of Thames Valley in South East England has lost £20k (approximately $24k) in a fraudulent Bitcoin investment scheme.
The report reveals that this is the second case in the community in the last two weeks.
The unnamed victim made an initial investment of £200 (approximately $241) before being urged to invest more by the company, upon which he transferred an additional £20k to the firm. Afterward, the company informed the victim that his investment had doubled to a whopping £41,532 (approximately $50,139). However, when the victim opted to liquidate his holdings, the company informed him that his account had suddenly depreciated to just £19.18 (approximately $23.16).
The report reveals that when he tried to send the supposed company more funds to recoup his losses, the transaction was flagged by his bank as a possible scam, and his account was frozen. The bank went on to contact the police as per the standard protocol.
It is worth noting that authorities have been unable to convince the victim that the company in question is fraudulent. Authorities explain that these fraudulent investment schemes usually start you up with small amounts so as not to attract the attention of law enforcement, warning community members to be alert.
The report does not specify how the scammers initially contacted the victim. However,…
