In this Feb. 9, 2021, photo, the Bitcoin logo appears on the display screen of a cryptocurrency ATM at the Smoker’s Choice store in Salem, N.H. A Utah woman was subject to a cryptocurrency investor scam and said she lost her life savings. (Charles Krupa, Associated Press)
Estimated read time: 3-4 minutes
OGDEN — A Utah woman thought she was buying and selling cryptocurrency on a reputable website, but that wasn’t the case. It turned out to be an elaborate scam that started when she met who she thought was a match on a dating site.
After he gained her trust, he began coaching her on cryptocurrency investment based on bogus trades. Before she caught on, she was out nearly $200,000. She shared her story with the KSL Investigators in hopes others will learn from her mistakes.
Dianne, who did not want us to use her last name, met a man on a dating app and the two of them hit it off.
“We started talking and he was so sweet,” she said.
He told her he was a self-made man who had become quite adept at investing in Bitcoin.
“And he said, ‘Well, you know, I can help you learn how to trade cryptos.'”
Dianne had about $2,000 in savings and decided she’d give it a go. She signed up on what she thought was a crypto-trading website, and within a few days, her investing seemed to really be paying off.
“And so, he said, ‘It’s too bad that you don’t have more…