Success Case of Recovering Money from a Crypto Scam
We selected the following case study from our large database as we believe it is quite representative and many scam victims could benefit from reading it. Funds Recovery case coordinators are often in contact with clients who have had a very similar experience and need appropriate help.
Though every case is unique, many defrauded individuals have experienced financial loss through providing cryptocurrency to swindlers. This is mainly because fraudsters abuse the benefits of crypto like being easily transferable. As a result, a large number of people approach us on a daily basis due to crypto scams, and this is how Funds Recovery helped one such individual.
The Case of Jeremy W.
How he lost money to KontoFX and How Funds Recovery Helped Him Retrieve It
In late January 2022, Mr. W. left his contact details on the Funds Recovery site with a simple note that he wasn’t able to access his assets. Our case coordinator quickly took notice and after a brief email exchange, they scheduled a conversation over the phone.
The Importance of the First Phone Call.
Jeremy’s Story and how he lost his money
During the first phone call, our agent could ascertain the following information. Jeremy was a hardworking man living in a larger city in Nebraska. He had built a career in the carpentering industry, and though still in his prime, he was thinking about making some investments in order to increase his pension fund to enjoy his golden years comfortably. For this reason, he was reading about and exploring potential crypto investments.
While he was frequenting a Facebook group dedicated to providing news about the crypto market he saw an advertisement for KontoFX. It got him intrigued and he visited their site. As he was impressed by the platform he left his contact information. As Jeremy recalls, this occurred in the late spring of 2021, May presumably.
Very often individuals get in contact with cryptocurrency scams through advertisements on social media. People tend to be less suspicious of marketing content on the platforms they frequent. As a result, they easily fall for money-grabbing traps as they feel social media like Facebook, Instagram, and even Linkedin are safe spaces. Unfortunately, crypto scams exploit this and that’s why they often advertise there. So far, big institutions like Meta do very little to put a stop to this.
Soon after he was contacted by a man presenting himself as Fred Goldman, who was rather friendly and available to help any day and night. Jeremy received a series of calls during which Mr. Goldman actively enticed Jeremy to make deposits to KontoFX.
Throughout several summer months of 2021, Mr. Goldman was in constant contact with Jeremy, instructing him to buy Bitcoins and forward them to KontoFX. In the end, Jeremy deposited in total over 30,000 USA dollars into the crypto fraud. He was manipulated into believing he was investing in a legitimate business which was giving him excellent returns.
