Martin Lewis Issues Bitcoin Fraud Warning To GMB After Retired Teacher Lost £ 120,000 | Personal finance | Finances

“This is not about Bitcoin. These are criminals who just take your money and use Bitcoin, just like they use me as someone to be trusted with money, they use Bitcoin – because everyone knows the price is going up – just to lure you in a different way. “

Teresa explained that there was a point where she thought her investments had made a profit and wanted to cash out.

However, the scammers told her to do this, she would need money to pay off.

To get the money the criminals told her, Teresa borrowed £ 25,000 from a friend and took out a £ 18,000 bank loan because the scammers said she had to pay a “tax”.