A man looking to retire in Santa Rosa, California has reportedly lost his life savings after falling victim to a devastating romance scam.
The 70-year-old man, who has asked to remain anonymous, lost his life savings of $500,000 after becoming the victim of a months-long pig-butchering scam, reports The Star.
Pig-butchering schemes are when bad actors “fatten up” a victim by pretending to have an intimate relationship with them as a means of earning their trust to steal their funds.
The report says the man believed he was talking to a Finnish woman from Florida for many months after meeting on a dating site. The bad actor went as far as gifting him expensive items, convincing him that she was the owner of a pilates and yoga studio funded by her aunt’s cryptocurrency firm. Eventually, she convinced him to trade crypto.
Guided by the scammer, he saw his supposed profits skyrocket as the trading account swelled to about $1 million.
But went to withdraw his funds, he was told he had to pay $100,000 worth of capital gains taxes. To cover the fee, the man then took out loans.
At that point, the victim did some digging, and found out that the crypto trading website was fake and that his funds are gone.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
作者：fxco_id，文章来源fxco_id，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论，立马抢沙发