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Author: Admin | 2025-04-28
Adam said.After about a week, the trading platform Adam had invested his money in showed his $500 had turned into $1,300.Adam was convinced to invest more money as time went on. (ABC News: Brendan Esposito)His account manager, who went by the name of "Alex Smith", encouraged him to invest $10,000."He said, 'you can see how easy the money is, so in a few months you won't have to work'," Adam said. He was told to set up a second cryptocurrency account, and was then given details to transfer his payment to the company's crypto wallet. "They said 'if the cryptocurrency exchange asks, just say the wallet belongs to you, don't mention the name of our company'".Adam was nervous in the beginning, but the company allowed him to withdraw about $6,000. Looking back, he said that was a key moment of developing trust with "Alex", making him think he'd be able to withdraw his earnings. What came next was a rollercoaster of events and investments, with Adam speaking on the phone to his "account manager" Alex Smith daily. Alex told him that with each new investment, the company would give him bonus points. Adam's bank even tried to stop him transferring deposits to his cryptocurrency accounts. But "Alex" had a line to spin every time. "He told me 'you have to be tough, banks don't want to release the money, they don't want you to deal with cryptocurrencies'."The big investments came when Alex sold Adam on the promise of Amazon shares going up after Black Friday, as well as Apple shares ahead of the release of the next iPhone. Then, he was told there was a unique opportunity to invest in shares of pharmaceutical companies Moderna and Pfizer, so he invested more money.But Adam still hadn't realised he was trading on
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