Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: syedrasool2011 on August 18, 2020, 03:37:17 PM
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A former winner of the game show Deal or No Deal has been scammed out of his retirement savings after investing in bitcoin through an ad on Facebook.
According to a Daily Record report on Tuesday, Scottish retiree Graeme Garioch was defrauded of £30,000 (US$39,400) by a phony investment company.
The former railway worker, who appeared on Deal or No Deal in 2007, clicked on a Facebook ad from a company called OMC Markets.
Interested in investing ahead of his retirement, Garioch agreed to invest after speaking to a company representative who claimed they were in London but were actually based in Bulgaria, according to the report.
Garioch deposited a total of £29,000 (US$38,090) into a bitcoin wallet and signed a waiver denying him access to his funds for six months.
The scammers also convinced Garioch to give them access to his bank account, supposedly so they could make bitcoin trades on his behalf.
After doubling his money, Garioch tried to pull out his funds in March 2019 but was told he needed to pay a further £6000 (US$7,880) in fees, to which Garioch complied.
Shortly after Garioch's funds were completely drained and OMC Markets ignored Garioch's email requests demanding an explanation.
"Facebook needs to do more," Garioch said who was planning on buying a house with his investment earnings, "you cry inside."
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This is one great area that Facebook should be making big steps so that the same story above should never happen again. Facebook is known to be very strict with small ad placers so I am really wondering why their vetting system has failed to determine this scheme to be a big scam. One thing for sure is that scammers everywhere are now so happy because with cryptocurrency their market has literally become so global.