Nottingham man duped out of £200,000 in new Bitcoin fraud scam | #socialmedia


Police are warning the public about a new fraud scam which saw a Nottingham man duped out of £200,000.

The man, who does not want to be identified, fell victim to the Bitcoin scam following a conversation on investing money into a fake brokerage firm.

He invested his hard-earned cash online throughout 2020.

He was told by fraudsters that the price of Bitcoin was due to skyrocket and that he could make a lot of money by investing online.

Fraudsters duped him into allowing them to access his computer remotely, and then gathered sensitive private information, which enabled them to take out large loans in his name.

He was threatened and harassed hundreds of times to continue to invest. On one occasion two men even visited his house to collect cash to invest further into the scam.

Detectives within the economic and cybercrime department at the force are continuing to investigate as they try to track the offenders down.

Detective Sergeant David Beach, of the force’s fraud triage team, said it was heart-wrenching to hear another victim losing such a significant amount.

He said: “Reports of investment fraud have increased significantly since the start of the coronavirus pandemic, which is unsurprising when you think the vast majority of us have had to conduct nearly every aspect of our lives on a computer or mobile phone.

“Being online more means criminals have a greater opportunity to approach unsuspecting victims with their scams.

“We would encourage anyone thinking about making an investment to do their research first. Go online check and double-check every detail before handing over your money or personal details.

“Fraudsters present professional and credible-looking online adverts, send emails, and create websites to advertise fake investment opportunities in cryptocurrency, foreign exchange trading and bonds.

“Often, fake testimonials are accompanied with a picture of a well-known figure to help the investment seem legitimate.

“We would encourage you all to be naturally suspicious if you are contacted out of the blue for an investment opportunity. This could be via a cold call, an e-mail or an approach on social media.

“Remember, if something sounds too good to be true, it probably is.”





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