An elderly couple lost their entire $1.3 million retirement savings in a carefully orchestrated scam. The scammers impersonated FTC agents and bank security, tricking them into depositing funds into Bitcoin ATMs and handing over gold over a six-month period. The victims believed they were assisting government investigations until the scam was exposed in April 2024, with authorities stating that the chances of recovering the funds are extremely slim.
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An elderly couple lost their entire $1.3 million retirement savings in a carefully orchestrated scam. The scammers impersonated FTC agents and bank security, tricking them into depositing funds into Bitcoin ATMs and handing over gold over a six-month period. The victims believed they were assisting government investigations until the scam was exposed in April 2024, with authorities stating that the chances of recovering the funds are extremely slim.