A WEALTHY investor lost his £1.2million life savings to an online Bitcoin scam.
The victim, experienced in dealing in digital currencies and based in tax haven Jersey, was lured by promises of a 15-fold profit.
Reuters The con has been described as one of the biggest single-victim frauds ever recorded in Jersey
But all his money vanished in a sophisticated 18-month con involving bank transactions worldwide.
Police on the Channel Island and the National Crime Agency say it is highly unlikely the money will be recovered.
It has been described as one of the biggest single-victim frauds there.
The criminals, claiming to be in Norway, contacted him via email and phone after he made Bitcoin inquires online.
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The Jersey Financial Services Commission: said: “The victim was engaged over an 18-month period and they were able to build trust prior to getting the victim to send the greater amounts.”
He was made to believe the returns would be 15 times the investment and the tricksters used well-known company names to convince him.
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