A widower lost his life savings and home after he invested in a “comprehensive and devastating” cryptocurrency scam.
The RAF veteran was tricked into giving away his savings, taking out loans and selling his house by the fraudsters.
Graham, 77, invested in a firm called N Capital after searching for crypto investment companies online last August.
He was looking for better returns than traditional savings accounts, and was planning to help his son buy a house.
But over a six-month period, the fraudsters managed to steal $1059 in total, the BBC reported.
Graham lost his money due to a scam, but remember that investing in genuine cryptocurrency is still risky.
Cryptocurrencies can go up and down quickly and you could lose all of your investment.
At first, Graham invested just $66, but that grew to $13,249 in days and in just a few weeks he’d handed over $132,496 in savings.
The scammers then convinced Graham to take out loans and equity from his house.
They told him there was a problem with the company they had invested in on his behalf.
But they said they would be able to get his money back if he made further investments.
Eventually, they managed to persuade him to sell his home of 30 years, promising to buy it back for him immediately.
The retired RAF squadron leader, who fought in two wars, said he was “reluctant” to put his home on the market — but was told it was the only way to get any of his cash…
