Teresa appeared on BBC One’s Dirty Rotten Scammers to warn others about the very convincing scheme, which she hoped would increase her retirement pot. She even lost £25,000 which she had borrowed from a generous friend.
Teresa saw a fake advertisement on Instagram for the cryptocurrency scam for the first time – a common tactic that sees scammers impersonating celebrities who have nothing to do with the advertisement.
She said: “I wasn’t earning any interest on my savings, I saw the advert and that’s what attracted me. »
Teresa opened an account and initially invested £250. She said: ‘I received a phone call within two days from a financial adviser, who was very friendly.
“The £250 became £370. I could see that the trade was making money, so why not invest more?
“So I deposited £5,000 and they matched my amount. So we had instead of my £5,000, £10,000 to invest.
READ MORE: Mum stunned after being targeted for £5,000 in convincing scam
The scammers warned her that it would constitute “money laundering” if the funds were not refunded.
Teresa asked a friend for the money and sent it to the group.
The cheeky crooks then called demanding more money, saying she would have to pay £20,000 in tax.
At this point, Teresa was very eager to get her friend’s money back, so she paid the tax bill in advance.
The band called back to say there was still £23,000 in fees to pay.
Teresa then came to the horrible realization that the scheme was a scam.
She had paid the scammers almost £125,000 in total.
“In that conversation, I knew it was a scam,” she said. ” It was horrible.
“I just wanted to disappear off the face of this planet. I knew the money was gone.
“I consider myself an intelligent person, how did it go? »
Scammers often ask for a small initial amount and then gradually ask for larger amounts of money as victims become convinced they are genuine.
Teresa had another shock coming during the TV program.
The BBC show’s team have been researching what personal data about her is available to fraudsters.
Information about him had been exposed in several data breaches, dating back nearly a decade to 2012.
Data breaches included passwords, email addresses, phone numbers, job titles, and even physical addresses.
When she heard the news, Teresa said, “I am so grateful that you shared all of this with me.
“I’m shocked, I’m surprised, I’m nervous, but I’m going to act on everything you advised me today. »
Investment scams are on the rise, with the promise of high returns on an investment enticing people to hand over money.
Dirty Rotten Scammers continues tomorrow on BBC One at 10am.
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