Credit union reimburses widow for crypto fraud after newspaper intervenes

After grieving the loss of her husband and brother to brain cancer, a widow was seduced online and scammed out of £53,000 ($60,400) through false crypto investments. Her building society (similar to a credit union) refused to pay her back but was forced to concede after she wrote a letter to a newspaper.

The unnamed 50-year-old single mother and widow shared her story with the Telegraph, detailing her entanglement with a crypto scammer. She confessed how she lost the large sum to a man who claimed to be falling for her.

“Losing my husband to brain cancer was devastating, but the effect that this fraud is having on me has been so much harder to cope with,” she wrote.

The Telegraph presented her story of a “wicked scam” exploiting “tragic circumstances” to a financial ombudsman after Nationwide, a building society, refused to get involved. It ruled in her favor, demanding Nationwide reimburse the widow.

Widow invested in crypto project

In Autumn last year, the UK widow was ready to find happiness once more. Her brother had died of brain cancer in 2019; her husband passed away from the same illness in 2020. 

She joined an online dating site and matched with a man she described as “caring.” After some video calls, she began to develop feelings towards him.

Then in November, the man claimed to be involved with a company’s crypto expansion. He also mentioned how he had just been promoted to marketing director and needed to seek out…

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