Is this a scam? What to do next.

[cryptoknightt]

If you get a call from a Russian country and offer an investment offer, then you should leave it alone and you don't need to give a response to them because they just want to try to influence you and make you fooled, you must be careful when and don't let you be affected.

[1714904571]

1714904571

[joinfree]

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).
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.

This is surely a scam and it would be best to stay away from it! Most of these applications only make you millions on their platform without being unable to withdraw the funds earned. This sort of schemes is actually archaic and only crypto noobs would fall for this. Stay away from quick gains guys, that's one of the quickest ways of falling vulnerable to scammers.

[maman567]

-Snip-

Oh, it is a typical situation in the world of profit and money. Some are too inventive and make great really working schemes and pyramids.  Really simple and ingenious. And some people are sometimes too greedy, sometimes too naive, sometimes just too inattentive to details. And such of people, they find each other in different parts of the world. And as result such kind of situations happen. Sorry for sarcasm, but why this person named Bob or whoever he is had not stoped after first investment?.. did he try to find some more information about this scam team in the internet, chats, forums or telegram groups where lots of people are engaged in crypto, where there are lots of people with their own experience in crypto world?... It is a pity, but no police in the world will help him now, no other actions will bring the positive result in order to get his invested money....only move further on and be more attentive before investing such amounts of money in whatever it may be....((((( Just think twice...

It's an obligation to anyone to research once you throw your money out of your pocket. You should always concerned and not too lazy to allow
your investment with the hands of someone, curiosity wise, a friend of yours release money without any assurance then after that he didn't manage
to seek for some information about the business that he's investing with, there's no one can help him as crypto is not been cover yet by any regulations.

Do you have check your obligation with investment, many people can use fake obligation where you do not know how to identify scam or or not obligation, maybe you can invest with your self and looking which one can you manage for investing in property or gold investment.

[jarhed]

-Snip-

Oh, it is a typical situation in the world of profit and money. Some are too inventive and make great really working schemes and pyramids.  Really simple and ingenious. And some people are sometimes too greedy, sometimes too naive, sometimes just too inattentive to details. And such of people, they find each other in different parts of the world. And as result such kind of situations happen. Sorry for sarcasm, but why this person named Bob or whoever he is had not stoped after first investment?.. did he try to find some more information about this scam team in the internet, chats, forums or telegram groups where lots of people are engaged in crypto, where there are lots of people with their own experience in crypto world?... It is a pity, but no police in the world will help him now, no other actions will bring the positive result in order to get his invested money....only move further on and be more attentive before investing such amounts of money in whatever it may be....((((( Just think twice...

It's an obligation to anyone to research once you throw your money out of your pocket. You should always concerned and not too lazy to allow
your investment with the hands of someone, curiosity wise, a friend of yours release money without any assurance then after that he didn't manage
to seek for some information about the business that he's investing with, there's no one can help him as crypto is not been cover yet by any regulations.

Do you have check your obligation with investment, many people can use fake obligation where you do not know how to identify scam or or not obligation, maybe you can invest with your self and looking which one can you manage for investing in property or gold investment.

I believe that real estate should be bought only with a very large drop in prices. An analogue is the price of Bitcoin at 4000 dollars. But this is if you already have your own real estate where you live. I'd rather invest in cryptocurrency assets.

[Meowth05]

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 definitely a scam and even if you call police they cannot do something about it since the transaction held in crypto and we knew that crypto has anonymous characteristic. I'd say that the money invested was gone, the lesson here is that don't ever go for a transaction without having knowledge regards this matter, conduct some research on crypto even if it is fundamentals so you can have background.

[Eugenar]

If you get a call from a Russian country and offer an investment offer, then you should leave it alone and you don't need to give a response to them because they just want to try to influence you and make you fooled, you must be careful when and don't let you be affected.

So far, it is very impossible that they will call you from outside of your country basically the fee is so huge that they will not let themselves pay just to call you. But if you know yourself in crypto doing good, and having a huge profit and sending your KYC all over the cryptospace, then  you should be careful about it.

[The Cryptovator]

What should Sam do? Will the police help?

Sam immediately should stop investing there. And if Bitcoin uses legal on Sam jurisdiction then you may proceed report to police although I don't believe they would able to do anything since bitcoin is irreversible currency. However he might try his luck. Its seems Sam has been invested on Ponzi Scheme somehow and all ponzi scheme has been turned into scam eventually. To be honest, Sam is too greedy on your story. Why he should involved with it if he doesn't have enough knowledge? The result is scam, that's how greedy people are getting scam. This would be a lesson for other. Just stay away from them who are offering you hight return on investment.

[angrybirdy]

What should Sam do? Will the police help?

Sam immediately should stop investing there. And if Bitcoin uses legal on Sam jurisdiction then you may proceed report to police although I don't believe they would able to do anything since bitcoin is irreversible currency. However he might try his luck. Its seems Sam has been invested on Ponzi Scheme somehow and all ponzi scheme has been turned into scam eventually. To be honest, Sam is too greedy on your story. Why he should involved with it if he doesn't have enough knowledge? The result is scam, that's how greedy people are getting scam. This would be a lesson for other. Just stay away from them who are offering you hight return on investment.

The police can at least help his friend if they somehow get a hint on the location of the scammer. However, it will not be too easy to do.
Transactions that have been done is anonymous and irreversible, it will be a huge challenge for them to find and arrest the one who manages the Ponzi scheme activity

His friend should have realized that it is clearly a scam at the very beginning, there is no such investment like that. He should have avoided it in the first place.

[peter0425]

If you get a call from a Russian country and offer an investment offer, then you should leave it alone and you don't need to give a response to them because they just want to try to influence you and make you fooled, you must be careful when and don't let you be affected.

So far, it is very impossible that they will call you from outside of your country basically the fee is so huge that they will not let themselves pay just to call you. But if you know yourself in crypto doing good, and having a huge profit and sending your KYC all over the cryptospace, then  you should be careful about it.

Maybe he as once a victim but don’t just blame the whole country for that,remember that there are different people in each countries Andy it’s just happen that you have been a victim of Russian people lol

But you’re right mate it’s very expensive to call from international country and this will cost them a lot for a not so sure victim.so better take care next time and don’t let be fooled by others

[dioanna]

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?

These kinds of schemes which are too good to be true are most definitely scam.

[sapnu]

I call this planning fraud, right now there are a lot of scams like this. We must always be vigilant. I suggest that Sam never send money again,
there is no need to ask the police for help later the problem will become big. Just let it go Sam's money have been cheated, and don't deal anymore
with this Russian guy. And make this a valuable lesson to be more careful when getting an investment offer in large or small quantities. If you want
crypto investment for newbies just do it yourself and don't use third party services like brokers. Who will be there later got scam like Sam's case. Indeed, the crypto world is currently under examination, with many of its scammers hanging around. We ourselves can protect it more carefully in accepting investment offers or ICO projects.

There are actually lots of ICO that have been scamming people, that is why you should be aware of your moves and decide beyond your intelligence. You should have not trust anyone that you dont know if someone really try to offer you good stuff out of nowhere, maybe you should check it if it is legit, kindly make your own study w=of what he is saying and look for the other people's comment if that is legit so that you should know. If not, do not talk to them, but if yes, you should try that by studying again on what are the other benefits you can get if you invest or buy some tokens to them so you should know in the future if you will earn or not.

[sandra2010]

give us name,website,phone,etc so that we may help or at least we take care of that.

[yohananaomi]

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?

It's amazing to hear your story that your friend doesn't know about crypto, but wants to be told to join in investing.
obviously a very bad lesson if we do not know something but want to be invited to do cooperation that we actually do not know what will be done next.
it's better not to continue adding money for investment, but the question is can the police help? it only depends on your country whether crypto has been legally recognized, if you can report it with the available evidence but if it is not legal yet it will be difficult to report.

[Asmonist]

That was a so sad experience. The best thing to do now is to stop the investment and all the sending of money. We cannot go back anymore of the mistakes done. Maybe it can be reported but definitely these people are very intelligent too to be easily recognized. However, there are maybe ways to locate them but I think there is really no assurance to fully get it back. Only lessons learned that we should not entrust big investments to unknown sources. Specially now that everything can be offered online. Its really too risky to invest and trust your money with online people.

[southafricadude]

These scams get you to put in, and continue to put in by showing you how much amazing profit you are making. They lie.
The problems and excuses will come when you want to withdraw. Forget that ever happening.
Depositing is easy, withdrawing is not an option.

[ebykamsiokoro]

Well, this smells and sounds fishy, all right! Why didn't Sam seek for counsel before "investing"? Now he's gone and got himself in a pickle lol. Well, if he's in the same country as the people calling him, then he can report to the police. But this should be only when he's tried to withdraw his supposed earnings and it failed. But if he's not in the same country, he should just count his losses and move on. Some days are like that...

[Linkkoin]

Many scams switched to cryptocurrencies, unfortunately.

This is because:
1. Blockchain transactions are not reversible (beside situation of ethereum hard fork couple of years ago, but this is an exemption)
2. So far there is, in general, no identification of the receiving party - you just type in wallet address (and with some other cryptos as well transaction ID).  This is supposed to change thanks to FATF recommendations
3. If a scammer is changing wallet frequently (or using privacy mode of privacy coins), it is very problematic to track scammer.

And if someone is offering you easy money fast and without effort - it is too good to be true, and therefore you should avoid such company at all the cost.

[crossabdd]

yes, it is a scam. it is better to report the police, in the crypto investment there is no compulsion. if aa force like that. report the police immediately. a suggestion for your friend is to report. if it can't be traced, then summarize all of it. and learn about crypto. but if your friend doesn't want to. then keep away from the world of crypto investment. because it is very dangerous if there is no experience in the crypto world, for an investment

[ttcsalam]

This kind of cheating is done by many people. They are actually professional scammers. I think they are scamming. They make their living by scamming. Who should catch them and punish them. They create fear among ordinary people through these apps. And discourage investing in the currency world.

[Rodeo02]

Many scams switched to cryptocurrencies, unfortunately.

This is because:
1. Blockchain transactions are not reversible (beside situation of ethereum hard fork couple of years ago, but this is an exemption)
2. So far there is, in general, no identification of the receiving party - you just type in wallet address (and with some other cryptos as well transaction ID).  This is supposed to change thanks to FATF recommendations
3. If a scammer is changing wallet frequently (or using privacy mode of privacy coins), it is very problematic to track scammer.

And if someone is offering you easy money fast and without effort - it is too good to be true, and therefore you should avoid such company at all the cost.

Making it online is easy for them to scam people, other than that its more secure for them to do this online than do it in real world.
About the transaction they can use mixer so they cant be traced by sending funds.