HE LOST HIS LIFE SAVINGS BY INVESTING IN CRYPTO CURRENCIES! BE CAREFUL WITH THIS SCAM SO COMMON IN THE WORLD AND LATIN AMERICA.
Kevin McVie, at 74, believed his cryptocurrency investments were profitable after seeing unexpected profits on his platform. However, he was a victim of crypto scams, a common problem in the world and Latin America.
Despite knowing the risks, McVie, whose Los Angeles business suffered from the pandemic, looked to cryptocurrencies as a solution for his retirement savings affected by market volatility.
Browsing Instagram, he found BitBit, a company in London that called itself an “international financial broker” specializing in cryptocurrencies. Upon opening the account, BitBit representative Pavel communicated in Russian via Telegram, establishing a personal connection.
McVie started with $500, seeing growth within weeks. Encouraged by Pavel, he invested more than $340,000, his entire life of savings.
His son, Daniel McVie, explained that the platform showed false growth graphs.
The scam was evident when trying to withdraw funds: BitBit requested 2% as a "security measure", sending a fake document from Barclays. By discovering the scam, McVie had already lost all his money, facing the shame of having "lost 100% of my family's liquidity," according to his daughter, Lina O'Connor.