Is this a scam? What to do next.

[Lucius]

Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

What should Sam do? Will the police help?

I think I know about what scam you are asking, just because you write that your friend pay €500 for start. It is probably Cloud Token scam which is reported many times on this forum. Your "friends" are very naive to belive in such things as free money for doing nothing, and it is absolutely incredible to give such amount of money to total strangers.

If people from Russia is involved in this, forget on police, best advice is to change phone number and forget everything.

One more time i`m totaly new in this , i register under this friend of mine but now i`m just having this should i risk deposit that minimum 500$ and see how it goes ?

I feel a bit mad because last year when everyone said to me join you`ll get money i was like yeah sure another scam, now when i see them i feel a bit fool

$500 minumum deposit is how your friend is making $40.000 per month, he is on top of MLM pyramid and he get commission for every person who sign under him, classic ponzi / multi-level marketing which will collapse sooner or later. You should not feel as fool, this is not project that have any other purpose then to make few people rich.

There is review about Cloud Token, and I will quote some important things :

Cloud Token’s website provides no information about who owns or runs the company.
The Cloud Token website domain (“cloudtokenwallet.com”) was privately registered on January 27th, 2019.

Cloud Token has no retailable products or services, with affiliates only able to market Cloud Token affiliate membership itself.

Cloud Token affiliates invest $500 or more in CTO tokens, on the promise of an “average 10-15% per month” ROI.
Commissions are paid when Cloud Token affiliates recruit others who do the same.
Cloud Token pays referral commissions via a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1)

https://behindmlm.com/mlm-reviews/cloud-token-review-another-mobile-app-crypto-ponzi-scheme/

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[Artemis3]

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

I don't know about police, but these scams have been going on for ages. Of course they are going to be from a conveniently, lets call it, "complicated" country where chances are your laws won't ever touch them.

You can replace "crypto" with "gold" or whatever, and you'll recognize the scam. This has nothing to do with actual crypto, any bait that sounds good will do, and of course they will encourage him to "invest" (give away) more money. It say 2500€ is a pretty good catch per idiot person...

So its like me telling you to give me your money and i will give you back twice, and perhaps even do it once or twice (which these people didn't even bother to do). How big can the stupidity of people be?

A "smartphone app" can be programmed to do display anything, it doesn't make it any less lie.

Oh and by the way, the "come asking" part is supposed to occur before you foolishly give your money to strangers, else why bother, its lost... What, will the UK declare war to Russia over some mafia boys scamming a few British subjects overseas? Doubt it...

[lixer]

What else does it look like other than it being a same, has he not heard of hyip Ponzi scheme before, this is exactly what it is and this is not the first time that things like this has been happening, I have seen several of such thing in the past even before cryptocurrency came into existence.

It would get to a point now where they either disappear and shut the site down, or they tell you they have sold the company to a new management, and the new management too will keep collecting fund from him telling him this same story that before he can withdraw his fund, he would need to pay more money and they might even get to the stage where they will tell him to bring in new people before he can unlock the withdrawal of his own money. All these things are just greed from us I think, because everyone knows now that only bitcoin is still the safest and direct investment.

[Cicihorlhorla]

This is a cheap and clean scam, this is visible to the blind and audible to the deaf

[TalkStar]

After hearing everything from your side its pretty much clear to me that your friend got scammed and its really sad. Usually those kinda scammers specially target crypto beginners because they haven't got enough knowledge about trusted source of investment. As same as your friend put his step on their trap after hearing their 1x profit plan in a short time.

You can collect all the details from your friend to open a thread on forum's Scam Accusation section. I hope thats gonna help many others to be careful about similar kinda scam incidents.

[Lalafell]

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

After reading your story, I believe that your friend is being scammed by other people, that kind of situation was also happened to my close friend, first they said some flowery words about the investment, as the time goes by they will continuously taking your money because they said to cash out your money you need to invest again a specific amount of money. So I think be smart on handling your money and think twice on investing.

[imstillthebest]

After reading your story, I believe that your friend is being scammed by other people, that kind of situation was also happened to my close friend, first they said some flowery words about the investment, as the time goes by they will continuously taking your money because they said to cash out your money you need to invest again a specific amount of money. So I think be smart on handling your money and think twice on investing.

flowery words are one of the sign that the person talking to you is shady or have some bad intention but i think if we are on that situation ( people talks to us on a nice and attractive manner ) we cant ignore them right away but instead will only getting fall on thier trap later on  .  

those kind of fraudsters are popular on our country . when they talk , they have that hypnotizing effect and you will do what they say   . to avoid them , just beware  talking or starting a convo to a stranger .

[Youghoor]

What should Sam do? Will the police help?

With bitcoin investment, the police can not do anything in order to recover your funds. This kinda investment is a total scam, how can you invest more if you haven't gotten any profit from the previous investment? Legit investments do not ask investors to invest more if they haven't gained anything yet. Its high time people make an effort to research or read about how the crypto space is before thinking of making investments in any cryptocurrency.

[Bes19]

Probably the APP is fraud and they are trying to scam him more. I doubt that they can get caught coz most scammers are using fake identity and even can fake their location and can change their IP. Learn from this situation, before putting your money in some kind of investment do some research first.

[WatchMaker]

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

This is a fucking SCAM better call the police for help if not he'll lose all his money. Scammers are everywhere these days! Never trust any business that guarantees profit for your investment that is the number sign of a SCAM be very careful next time.

[doomistake]

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

*I'm going to hell for laughing too much*

Anyone could offer you anything, most of the time it is too good to be true, and that's what it seems happened to your friend. It is so obvious that it was a scam, but I bet your friend was blinded when the scammer said "crypto", this is the magic word these days of all wicked scammers. My conclusion about this is your friend is so freakin' stupid, who is acting tough but the truth is he doesn't even know a single thing about cryptocurrency.

My guess is that friend of yours was trying to prove something to you guys, like he could earn money without your help at all, he just got unlucky because of his naiveness and pride.

[maxreish]

Definitely, Sam was scammed. I can't blame Sam for doing that, since scammers showed that his money was doubled to 9000eur and it is tempting. But the moment they are forcing and pushing him to deposit more is something fishy. Since he has a contact with those team, Sam can cooperate to the authorities for entrapment operation. The police will do their way to catch those scammers. And money is involved here,  Sam can show some evidence that he can't withdraw his money.

[Ailmand]

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

Well it is a scam. No investment plan would your double your money ina snap, not in real world and not in crypto. I think the police cannot do anything about it, but if it is covered in your country's law and would.like to pursue to sue the person involved in the scam then your friend can. That is if he has the money to go to court cases, hire a lawyer, investigate, and also if he can identify the people onvolved in the scam, which I think will take a lot of time, money and effort.

[Genemind]

That's definitely a scam. Sam have trusted them so fast and easy that he invested a lot of money without the assurance of a good profit or even returning at least his capital. We must not trust people online but rather do a series of investigation before releasing money. If the offer is too good to be true then we have to think twice. There are lots of scammers who are using crypto in fraud.

[carlisle1]

.

What should Sam do? Will the police help?

what can police do on this matter?did the scammers lay their real identity?things that i am surely know that its not?

sorry for their losses but let the scammer celebrate as they gain another 2,500 euro in just chatting.

lesson learn"never Talk to Strangers specially with money involved"

never be greedy for your own safety

[robelneo]

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

Call the police right away they are trying and already scammed you, people are still not educated that there's no such thing as double your money investment not even a company like Mcdonald can give you that, and if it is legit then they should not invite people and they just make profit out of their so-called investment program, and never invest in any investment, that you do not understand it's outright giving them all your money

[Zeke_23]

.

What should Sam do? Will the police help?

what can police do on this matter?did the scammers lay their real identity?things that i am surely know that its not?

sorry for their losses but let the scammer celebrate as they gain another 2,500 euro in just chatting.

lesson learn"never Talk to Strangers specially with money involved"

never be greedy for your own safety

Police may be able to find the location of the scammer, but it would be so hard and it will waste your time. Ut would be better to be careful next time and stop trusting investment sites so easily. Money is not something to give for free, investment should give you profit and not take your profit.

[bitrayder]

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

Your friend bob was absolutely scammed by stranger people, 9000 was a very huge amount for me. Aside from that your friend was already in controlled of the scammer, I don't know if there some kind of hypnotism happen, because bob doesn't react neither asking why he need to invest more. But unfortunately He didn't, So definitely bob can't do anything to recover his money at all only. 

[cryptoblazter]

So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).

Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.

Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.

What should Sam do? Will the police help?

Yes, Sam was became a victim of scammer. Didn't Sam ask why the stranger need him to invest again? That was a bib amount of money dude, your friend became neglectful about the moment He talked to the scammer. But I guess after the incident happened He learn from his lesson now.

[nankers]

this is absolutely scam. if you continue to follow and pay attention to the scenarios of these people, surely that person will always ask your friends to deposit a sum of money and also the scam application will always display the amount of profit obtained in order to attract the victim to deposit the money. I suggest that you immediately stop communicating with that person and forget about the money you have deposited because the money will definitely not be returned. if cryptocurrency is legal in your country, maybe the police can help follow up on the fraud case. but if cryptocurrency is prohibited in your country, I suggest to your friends to whole-sincere to money that has been deposited