Scam warning: Retiree, 77 heartbreaking after losing home in devastating scam | Personal Finance

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On BBC Money Box this weekend, he described how he fell victim to this cyrptocurreny fraud. Reporter Dan Whitworth described the scam as β€œthe most comprehensive and devastating fraud” he had ever reported on.

Graham thought he was investing in cryptocurrency when he contacted a firm he found on the internet last August.

He was fed up of poor returns on his savings and hoped to use the extra money to buy a home for his son.

Graham ended up losing his savings, his car and his home and the thieves β€œstripped him bare”.

Graham started off investing Β£50 but was told the more he put in the more he would get out.

READ MORE:Β β€˜Totally the job for me!’ Man, 41, explains how he made over Β£2k completing β€˜unique tasks’

Next it was Β£10,000, and then eventually Graham had been groomed by the criminals so much that he put in well over Β£100,000 worth of his savings.

Bit by bit, the criminals pulled Graham in deeper…

Read full article at scammernews.com