Bitcoin scam in Jersey costs victim £1.2m

Pedro Gonçalves
clock • 1 min read

An Islander has lost £1.2m investing in fake bitcoins in what could be one of biggest single-victim fraud cases in Jersey. According to the Jersey Fraud Prevention Forum (JFPF), the man, who was an experienced investor in cryptocurrencies, was scammed by criminals who claimed to work for a legitimate company and, over a period of time, tricked him into investing his life savings. Despite bank intervention, there was no way to recover his money.  The gang responsible claimed they were operating out of Norway, but investigators say there is evidence of money being moved to bank accounts...

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