A Montreal woman lost almost $25,000 on an online scam based on a fake cryptocurrency trading platform that she thought was supported by Elon Musk. The woman, whose name remains undisclosed, fell victim to a forgery of Musk’s appearance on one of the gross-earning shows, which was a product of deep learning.
An online scam scheme on Facebook caught the attention of a woman, who was in direct financial need. She followed the link attached to the post and arrived at the misleading website. Within a few minutes, she was approached by a broker associated with the platform who gave her tips on signing on and making an investment.
She made money from it, not exactly sure how much, but she noticed her profits going up almost every day. It made her happy, enough to keep a detailed record of each investment on a spreadsheet.
However, the firm, when she removed her money, delayed the procedure and claimed some more costs and security sum. She realized later that it was a scam, she hadn’t succeeded in catching the fraudsters and they had already stolen her money.
CAFC enforcer Jeff Horncastle says that investment scams are completely in danger. He encourages investors to diligently investigate the authenticity of the trading platform and justify their capital before fully engaging with any investment offer.
Also Read: Google Ads Used to Promote Phishing Scams in Crypto Websites
