Quebec woman loses thousands after clicking on a Facebook ad
… The representative promised a return of up to 70 per cent on her investment.
“I thought, why not?”
It started with about $300 to open an account, but that small investment quickly snowballed into an avalanche. Sahota says smooth-talking representatives soon convinced her she was getting big returns on her investment, telling her she should invest more to make more.
Coincidentally I have been checking out Alt-Coin pump and dump scams. In the video below the “Save the Kids” alt-coin scam is explained, (The vid is a bit “Loud” but bear with it.) What is shocking is that no one has been charged. And it’s just one of many such scams. A coin was created and marketed to followers by a “Social Influencer” named “Faze Kaye” with the unwitting assistance of fellow influencers. Within a half hour of the coin going public the influencer and accomplices sold all their holdings for a quick profit estimated to be in the 500K range. Needless to say the coin tanked and is now worthless. It’s a convoluted story and there are multiple videos by CafeZilla unravelling the whole mess. I was intrigued to learn that digital currencies can be laundered with relative ease via services such as Tornado-Cash and made virtually untraceable. I was under the impression that the blockchain was transparent, and it is, but as in all things subject to abuse by those with an elastic morality.
