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‘I felt powerless’: how a crypto scam cost a finance boss £300,000

Investment manager tells of how fraudsters managed to persuade him to hand over his life savings

‘I lost £240,000’: fraud victims share their storiesWhat to do when you think you have been scammedSix common scams – and how to avoid them

A senior manager at a UK investment firm has told how he was conned out of his £300,000 life savings by cryptocurrency scammers.

Matthew Thomas* says he was “probably blinded by a mixture of greed, curiosity and stubbornness” when he was ensnared by the elaborate and complex scam which took place over six months.

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