Real Scammer’s name and profile discuised
Disclaimer – This story has been written with the main goal of spreading awareness, scam prevention, and education. It represents real-life events, but certain details and names of the characters have been altered for the sake of anonymity. However, we used the actual web address and Instagram profile names of the alleged scammers.
Professional account and a professional scammer?
Quite often a single fraudulent individual might promote several scams. One such person had an Instagram profile named fx_with_marian_. It was supposed to be a professional account of a broker who helps people with investment opportunities and trading advice. It displayed pictures of a well-dressed businesswoman, stock photos of day trading, inspirational quotes, and so on. Sadly, these scheming set-ups are dime a dozen on social media, and they quickly pop up and disappear. Their main purpose is to defraud several unsuspecting victims and vanish.
Grandiose promisse as a tactic to pull their victims in
A netizen minding his own business, let’s call him Victor, got approached by Mrs. Marian Wilson. She gave grandiose promises of being able to do wonders with Victor’s money. If Victor were to deposit $500 he would receive 5 grands in less than a week. Naturally, he was intrigued. Who wouldn’t? A chance to gain ten-fold on an investment in a week, you would be crazy to pass this opportunity! So he thought and so he accepted Marian’s services. She patiently guided Victor through the process of buying and sending Bitcoins to her wallet. Mrs. Wilson explained it was an obligatory step so she could start making money for Victor on unlimitedprofx.com. Everything was going fine when Marian emerged with unexpected news. The financial growth hit the first obstacle. The trade reached a halt, and to continue Victor had to invest an additional $1000 in BTC. It seemed like an easy fix, so he bought more BTC and sent it to Marian. To his great surprise, it worked and after only 3 days his gains grew up to $13K.
At first, it worked and the money kept pouring in, but then…
When lo and behold, his trading account crashed into another glass ceiling. Victor would have to upgrade his current investment basic level package into the gold level deal, and his riches could continue growing. All he had to do was provide more Bitcoins worth $3000. Tempted by the prospect of dazzling tens of thousands of dollars, Victor was undeterred. He bought more BTC and gave it free willingly to Mrs. Wilson. It took only a couple of days more for Victor’s $13k account to grow into $23k. Needless to say, he was overjoyed. They came to an agreement that he was able to withdraw his money about which he was happily daydreaming. Nevertheless, on the day when he wanted to take his coveted prize, he discovered that he needed to pay another $5000 to collect his earnings. Since there had been no mention of such steep transactional fees whatsoever, Victor was furious. Marian provided a lukewarm explanation that it was the requirement of the gold level account and she left him with that. Victor had none of it and he tried to withdraw his well-deserved money, but all he got was a notification transfer pending asking him for $5000. Victor didn’t have these funds and he didn’t want to pay, slowly realizing he lost money to a scam.
Moral of the Story
This story is an example of how con-brokers use social engineering to entice targets to invest more and more money. They provide reports and fake figures to create an illusion that the victim is quickly gaining large amounts of money. However, a problem always appears and a person is left with a decision – pay money to later receive much larger funds. The trouble is there are no much larger funds, there are only money-grabbing excuses.