Singaporean man loses $130k to fake bitcoin trader

Overseas crooks lured him into parting with more money by lying that he had made profits

John (not his name) was lured by one promotion that promised "super profits" for those who invested in bitcoin. PHOTO: EPA-EFE
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If someone tells you that your investment has turned a tidy profit and that you should put in more money to earn even more, just say "no" until you can do your checks.

Chances are the person who brings such "good news" has a motive to make you part with more cash because such a line, which is aimed at stoking greed, happens to be the most used ruse by cheats.

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