Houston man loses more than $200,000 in cryptocurrency investment

  • 📰 KPRC2
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

A Houston man said he has hundreds of thousands of dollars invested in cryptocurrency he can’t access. Jeff McCollum thought he had done his research before investing more than $200,000 through an online investment company.

“I feel like I can pretty much lose everything,” said Jeff McCollum. “I’ll just go back to square one and just rebuild from there.”

“As soon as that happened, I knew something was wrong,” he said. “I had borrowed from my mother’s retirement. I had borrowed from my own 401k.” When you look closer at the website used by McCollum, you start to notice poor grammar and the logo looks identical to the logo for Intercontinental Exchange; a well-respected and well-established company that operates global financial exchanges.When we asked ICE about its logo being used on the website, McCollum showed us and received the following email response: ”ICE has no affiliation with that website or the company operating it,” a spokesperson wrote.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who cares, investments are not guaranteed. Buyer/investor beware, he should have done better research and his due diligence. Now he crying on TV. Prolly gunna start a go fund me also so others can pay for his bad business decisions.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in US

United States United States Latest News, United States United States Headlines