20 Feb North Carolina Man Loses $790,000 Of Savings In Crypto Investment Scheme
This week in cybersecurity from the editors at Cybercrime Magazine
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Sausalito, Calif. – Feb. 20, 2024
Jim Wilkerson of Cary, N.C. is out $790,000 after he thought he found a great investment opportunity.
He’s sharing his story hoping to prevent others from his financial heartbreak.
“You feel pretty ashamed of yourself when something like this happens,” Wilkerson said to Troubleshooter Diane Wilson, a reporter with ABC 11 Eyewitness News in Raleigh, N.C.
Wilkerson took his money, transferred it to a legitimate crypto trading platform, and then said he invested it into the online trading company Sundell-fx. He’s not alone, the Washington State Department of Financial Institutions issued an alert about Sundell-fx. The company’s website is now shut down.
The money that Wilkerson lost was a combination of his savings, proceeds from stock sales, and a 401K.
Wilkerson joined Cybercrime Magazine Podcast host Charlie Osborne to discuss the incident in detail, including how it happened, if any of the stolen funds were returned, and how others can protect themselves from becoming a victim of similar schemes.
Cybercrime Radio: Crypto Investment Gone Bad
North Carolina man duped
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