Cambridgeshire Man Loses £60k to Crypto Investment Scam
The victim, a Cambridgeshire man, lost around £60k after falling for a crypto investment scam. Fraudsters contacted him by phone and falsely claimed to represent an investment management company.
He was encouraged to download a banking app to facilitate the supposed investments. That action allowed the scammers to take full control of his accounts.
They moved thousands of pounds from his bank accounts. They also gained access to his pension funds.
Police officers are liaising with the victim. Safeguarding measures are now in place to protect him.
Police warnings and safety tips
- Do your research before investing in any platform. Check the firm on the FCA Firm Checker.
- Watch for poor website design, spelling errors, and bad grammar.
- Be wary of unsolicited approaches by phone, social media, or dating sites.
- Avoid moving conversations to encrypted apps like WhatsApp or Telegram at a scammer’s request.
- Do not yield to continuous pressure to make further investments.
- Be cautious if messages arrive outside normal business hours.
- Question any advice to ignore bank or crypto exchange warnings.
- Never agree to keep a so-called “special deal” secret from others.
How to report and seek help
If you suspect you have been targeted, report it using the police Report Fraud service online. Prompt reporting helps police and banks act quickly.
For updates and further coverage, see Filmogaz.com.
Related incidents
This case is the latest in a series of scams affecting vulnerable people. An estate agent recently prevented a Cambridgeshire woman from selling her home after she was persuaded to move overseas to marry an actor.
Elsewhere, a woman lost £500 in a car-related scam. The criminals used Elon Musk’s name to convince her to hand over gift cards as payment.
