One woman fell victim to a cryptocurrency scam and lost her life savings worth around £180,000.
The police have warned that criminals will often target people through social media posts and professional-looking websites.
The woman was left “frightened of her future,” as scammers left her with nothing.
The victim (who wanted to remain anonymous) came in contact with an online advertisement for cryptocurrency that seemed fascinating.
She decided to invest her money there after doing some research and finding there was a potential for high returns.
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She completed an online enquiry form and was contacted by the scammers.
Over the next six months, they frequently contacted her and built a close relationship with her.
They eventually encouraged her to give them access to her phone and laptop remotely in order to transfer large sums of money at different intervals which she did as they had built trust.
She believed this money was being invested in cryptocurrency.
The fraud was not realised until the victim contacted her bank directly to check a transfer had been completed and they were concerned that she had become victim to a scam.
She told Northfolk Live: “My first reaction when I was told I had been scammed was feeling very frightened of my future, as the scammers left me with nothing.
“Life will never be the same and I am trying to come to terms that some people can be so ruthless.
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“However, I will combat that feeling and go forth albeit taking a different route in life.”
Many criminals are targeting UK victims through social media and online channels.
UK Prime Minister Rishi Sunak is determined to put an end to these activities.
In a recent statement, he said: “We will take the fight to these fraudsters wherever they try to hide.”
In recent news, a recent consultation paper has proposed the UK Government ban on financial institutions conducting cold calls.
This was in response to the surge of crypto-related scams initiated over the phone.
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