A man has told how he saw almost all of his €50,000 life savings stolen in an online investment scam.
Terence Keighran, 47, was left with just €50 in his bank account and had to rely on his elderly mother’s pension after the con which is is being investigated by gardai.
The engineering teacher told of how he began investing money with a company he initially believed to be transparent and legitimate.
Terence said: “It started in November 2020. I began by transferring a five-figure sum and it went from there.”
After seeing his initial investment sizeably grow within a matter of months, he advanced further funds.
His faith in the authenticity of the company gained further credence when Terence decided to withdraw a large five-figure sum soon afterwards.
“I decided to invest more and just kept putting more money in over the next six months.”
Terence, from Gortletteragh in Co Leitrim, suddenly became uneasy when attempting to withdraw more than half of his original investment.
He added: “It was really to try and develop a business I had started up, but to this date I have not received my money and I can’t get through to anybody by phone, on email or by any other means.”
With nowhere to turn, Terence lodged a formal complaint to gardai with the investigation currently being handled by the National Economic Crime Bureau in Dublin.
Terence said the episode has had a catastrophic effect on his mental health and resulted in his mortgage falling into arrears.