'You ask for your money, they disappear': Ontario man loses $17K to AI crypto scam
CTV
A Toronto man is spreading the word of a cryptocurrency scam that lures victims using AI-generated news sites after he lost $17,000 in investments.
A Toronto man is spreading the word of a cryptocurrency scam that lures victims using AI-generated news sites after he lost $17,000 in investments.
Gurdip Sabharwal told CTV News Toronto that he was convinced to invest using remote software after reading an online article that appeared to feature a positive review from a prominent Canadian business reporter. In the story, she said that she was making a lot of money, which led him to invest, he said.
“I thought if she can do it, so can I,” said Sabharwal.
After contacting the same trading platform named in the story, he said that he immediately started to see huge returns.
“I invested $2,000 and within a very short while it started going up,” he said. “I just traded one company and I ended up with $26,000.”
However, the story he had read was fake and created by criminals.
Sabharwal said that when he downloaded a remote access software the trading company advised him to, money started to disappear from his bank account.
