A man who targeted Canadians for cryptocurrency investment scams is speaking out after escaping the Cambodian compound where he was forced to do it.A Malaysian man, whose face is obscured to protect his safety, says he was forced to scam Canadians and others online after accepting what he thought was a job at a casino in Cambodia. A man who targeted Canadians for cryptocurrency investment scams is speaking out after escaping the Cambodian compound where he was forced to do it.
The pig is "fattened" as the victim pours more money into crypto and watches it grow on a fake investment platform. The pig is "slaughtered" when the scammer disappears with the money.This is what happened to an Edmonton dad who had read about big returns on investment in cryptocurrency and wanted to learn how to get involved.
"He said, 'Let me help you take care of your family, you'll get this money, you'll be able to have a nice life, you'll be able to help your mom,'" said Peter. "I showed her pictures of all of the trading that we've done, all of the profits I have," he said. "My mom was willing, and trusted me to do that investment, so we took a loan out on her house to do it."
"I've been labelled as a criminal in my family some of them, and it has devastated me," he said.John, who participated in scams like the one Peter described, said his bosses were ruthless.John says he was expected to lure in 15 new prospective victims a day, and if workers didn't get enough money from them, his bosses would threaten them. He said he tried to be subtly bad at scamming, but there were serious consequences for sabotaging a lead.
While working at the new company, John tried to call for help again through a fake Twitter account. This time, he reached the International Justice Mission , a non-profit headquartered in Washington, D.C., that works to free people from human trafficking. Sims says these scamming compounds are able to thrive because of the complacency of multiple actors, including social media platforms and financial institutions.Det. Dana Gehring with Edmonton Police’s serious crime unit warns that the recovery of funds lost in cryptocurrency scams is rare.