Ed Hayduk, a Pennsylvania resident, fell victim to a cryptocurrency scam that began with a misdirected text. After weeks of friendly conversation, he was persuaded to invest $50,000 based on fake profit statements. Then the scammer vanished. According to the FBI’s 2023 Cryptocurrency Fraud Report, crypto-related scams have led to staggering financial losses, nearing $5.6 ...
A Pennsylvania man, Ed Hayduk, fell victim to a cryptocurrency scam after responding to a wrong text message, ultimately losing $50,000 to a con artist who vanished after gaining his trust. This incident reflects a troubling rise in cryptocurrency investment fraud, which accounted for nearly half of all financial losses reported to the FBI in ...
In a troubling case highlighting rising cryptocurrency scams, Pennsylvania resident Ed Hayduk lost $50,000 after engaging in what he thought were friendly messages about investing in a crypto wallet. After seeing fake statements showing substantial returns, he was eventually left with nothing when the sender vanished. According to the FBI’s latest report, cryptocurrency-related fraud accounts ...
The FBI’s Operation Level Up aims to combat cryptocurrency investment fraud by proactively identifying and alerting victims of scams. Many people fall for fraudulent online relationships that lead to fake investment opportunities, risking their life savings and assets. The FBI’s initiative has successfully contacted over 4,300 potential victims, saving an estimated $285 million. They emphasize ...
The Secretary of State, Michael Watson, is alerting residents of Mississippi about a rise in investment scams. Criminals are trying various tactics to trick people into losing money, particularly through affinity fraud, gift card schemes, and cryptocurrency scams. Watson emphasizes the need for vigilance, listing warning signs such as unexpected messages from unknown numbers, building ...
A 75-year-old man from West Des Moines, Joseph Harris, has filed a lawsuit against Wells Fargo and several other banks, claiming he lost over $700,000 in a cryptocurrency scam known as “pig butchering.” Harris alleges he was contacted by a scammer, posing as an investment advisor on social media, who lured him into making multiple ...
A man from near Waverly, Nebraska, tragically lost over $150,000 in an online bitcoin scam, according to the Lancaster County Sheriff’s Office. He became interested in investing in bitcoin and found a company called Burdge Block Chain Technology. After investing $156,000 from his retirement savings, he believed his investment had skyrocketed to over $28 million. ...
A pastor in Washington state, Francier Obando Pinillo, has been charged for allegedly scamming his congregation through a cryptocurrency scheme. Pinillo, 51, is accused of using his influence to encourage followers to invest in a fictional cryptocurrency called “Solano Fi,” claiming it would deliver high, guaranteed returns. He organized promotional events and created online groups ...
A Miami pastor named Francier Obando Pinillo is facing serious charges related to a cryptocurrency investment scheme that he claims was inspired by a dream. The U.S. Attorney’s office has indicted him on 26 counts of fraud for allegedly tricking investors out of millions between 2021 and 2023. Pinillo, who led a Spanish-speaking church in ...
Georgia’s Secretary of State, Brad Raffensperger, has issued a cease and desist order against Trage Technologies Limited for allegedly offering unregistered securities and fraudulent investment schemes. The order targets Trage and its key figures, including Graeme Gary Hearn, Michael Holloway, and Eric Ture Muhammad. An investigation revealed that Muhammad misled Georgia investors by promoting an ...
