Looks very weird, he was approached by a group of people? How do this people has connections and was able to get to him, that's really suspicious. I don't know if the guy is a self made millionaire or blindly stupid. How can he fall for this smooth talkers? He is a fucking millionaires and can ask experts to check the dealings. And yes he should deserves this, he just went along the way, he lost control of his emotions and the promise of good returns is too much, and he immediately fell on the trap.
It seems strange to me that a millionaire could so easily get online to scammers. If he earned this money by his work, then he can't be such a stupid person. Perhaps this is another not the smartest fake to spoil the reputation of cryptocurrencies.