Article 63H31 Crypto scammers stole £55,000 from my father

Crypto scammers stole £55,000 from my father

by
Zoe Wood
from Technology | The Guardian on (#63H31)

MyCoinBanking was known to Barclays but the bank has only offered to repay him half of what he lost

During the pandemic my 75-year-old father was targeted by scammers via email and WhatsApp who convinced him they were investment managers who could develop his life savings of 55,000 into a fantastic sum by investing in cryptocurrency.

He had recently retired and was worried he had not saved enough for his, and my mother's, retirement, so was easy prey. He also has very little nous and gave the scammers, an outfit called MyCoinBanking, his account details including sort codes and account numbers.

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