How a Sudbury, Ont., senior lost his life savings to a cryptocurrency scam
CTV
A 76-year-old widow who lost his life savings to an online cryptocurrency investment scam is warning others as the internet rallies around him to restore his faith in humanity.
A 76-year-old widow who lost his life savings to an online cryptocurrency investment scam is warning others as the internet rallies around him to restore his faith in humanity.
Richard Knapp is a 76-year-old widow who lives in Sudbury, Ont.
Over the course of five months, he lost about $130,000 total after clicking on a social media ad that said a $250 investment could return thousands.
"I only had to submit my name, phone number and email," Knapp told his son Andrew about the original Twitter post he found in May.
"I bit the bait."
Richard immediately received a phone call from someone rushing him into investing through Quantum AI trading and promising guaranteed returns.
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Ontario is moving to outlaw the resale of tickets for more than their original value, following through on legislation hat was promised after a string of in-demand events in Toronto saw ticket resale prices skyrocket out of reach for many.