People are being urged to exercise extreme vigilance to the rising prevalence of online investment scams after a local man saw his entire life savings “wiped out” overnight.
Terence Keighran from Gortletteragh was left with just €50 in his bank account and forced to rely on his elderly mother’s pension on more than one occasion in the aftermath of an incident which is now subject to a major garda investigation.
An engineering teacher by profession, Terence told of how he began investing money with a company he initially believed was both fully transparent and legitimate.
“It started in November 2020,” recalled Terence.
“I began by transferring a five figure sum via bank transfer and it just went from there.”
After seeing his initial investment sizably increase within a matter of months, Terence opted to advance further money.
His faith in the authenticity of the company he had invested in 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, however, suddenly became uneasy when attempting to withdraw over half of the money he had originally invested.
“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,” he said.
With nowhere to…
