RETIRED musician Jane Evans lost £2,000 when she tried to invest cash to help pay for treatment for a rare form of cancer.
The 71-year-old, who lives in North Wales, has no private pension as she had been a freelancer on a low income, and only a small amount of savings.
She was able to borrow money from friends and family, as the specialist treatment she needed was unavailable on the NHS.
She hoped that by investing in Bitcoin she would be able to make some money back to repay her family – but it all went terribly wrong.
“I saw Bitcoin was going to go from $30,000 to about $300,000 over the course of a year,” Jane said.
“My idea was that if I just put £1,000 or £1,500 into Bitcoin, I know it’s terribly volatile and risky but it’s not like I’m putting everything in the world in it.
“I thought if I just let it go up and down, in a year’s time it might be worth £10,000 and I could take the money out and pay everybody back.”
Jane found what she thought was a legit trading platform called Trader Pros.
The company told her to set up a crypto wallet on a cryptocurrency exchange and guided her through the process as she deposited £250 just to “dip a toe in the water.”
The money appeared in her Traders Pros account and soon she was told it had made £100 profit.
She even tested out the withdrawal process with a small amount and it worked, so she felt…