This Canadian lost his life savings in a crypto fraud on YouTube
This Canadian lost his life savings in a crypto fraud on YouTube
Stephen Carr-a resident of Meaford, Ontario-said that he had lost his entire life savings of almost $ 500,000 after being tricked into a cryptocurrency system on YouTube.
Fraudsters used the video sharing website several times to attract victims. Some even uploaded fake recordings of famous personalities, including Elon Musk, Steve Wozniak, Bill Gates and Kanye West, who apparently promote dubious cryptocurrency investments.
'I am on the ground.
In a recent Interview said that he was involved in the crypto fraud by a video that he saw on YouTube. The culprits promised the audience that they could make significant profits if they invested in their project.
The Canadian initially found nothing suspicious and contacted the people. He started with an investment of $ 250 and shortly afterwards contributed a further $ 2,500.
After a while, Carr applied for a payment of $ 1,000, which the company immediately redeemed. This gave him more confidence that everything was legitimate, and between October 2022 and January 2023 he invested almost $ 500,000 (all of his life savings).
The Canadian had his first doubts when he saw that his credit grew to $ 1.3 million, and asked to have part of it paid out. However, the bad actors insisted that he paid a liquidation fee of $ 150,000 in order to complete the payment.
"I was put in, and afterwards I put a ridiculous amount of money in and put a ridiculous amount of trust in these people," Carr regretted.
The person destroyed on the ground admitted that the fraud had forced him to offer his house for sale so that he could reorganize his life. "Maybe I have two or three months of money left, and that's it," he added.
Carr said he wanted to share his story so that others could stay careful and not repeat his mistake.
Jason Tschetter-a resident of Alberta who was also put into a similar system last year-recently founded Ms. Hunter's Canada (an organization that supports and helps them to win back money).
He outlined that criminal cryptocurrency fraud made a "actual business", while the police lack the necessary time and ability to research and catch the culprit.
"Unfortunately, many people will go through the anger, the denial, the denial. They will even try to negotiate with the criminal.
Other crypto scams on YouTube
Steve Wozniak-one of the co-founders of Apple- Preserver-Spaces = "True"> Signed A lawsuit in summer 2020, in which fraudsters would have used his face can lure people to fake Bitcoin advertising gifts. The American inventor and computer programmer lost the case in 2021 after the court found that his arguments were not strong enough.
Wozniak is not the only famous personality who is involved in such fraud. Criminals have also pretended to be Elon Musk, Bill Gates and others over the years.
.
Other crypto scams on YouTube
Steve Wozniak-one of the co-founders of Apple- Preserver-Spaces = "True"> Signed A lawsuit in summer 2020, in which fraudsters would have used his face can lure people to fake Bitcoin advertising gifts. The American inventor and computer programmer lost the case in 2021 after the court found that his arguments were not strong enough.
Wozniak is not the only famous personality who is involved in such fraud. Criminals have also pretended to be Elon Musk, Bill Gates and others over the years.
.