MEMPHIS, Tenn. — A victim of an $80,000 cryptocurrency scam sat with WREG to share his story and warn others.
Ricky Smith said he does not want anyone else to go through what he’s experiencing.
“People be careful, please,” he said. “I’m in a terrible situation now because I have no other assets at this point. That was life savings.”
The 58-year-old said he is out $80,000 after he started investing in cryptocurrency. It began back in May when he communicated with someone on Facebook. He also communicated with someone on WhatsApp where a woman connected him to the crypto investment.
Smith initially thought it looked legit, but he now believes he was led to a bogus site.
“So I decided to try it,” he said. “I said, ‘Okay I’ll try it just to test the water’ and I’ll put $500 in there at first and see what happens, you know? And when I put $500 in there, there was a gain, and I was able to get it out. But the more I kept putting in and I was gaining, I didn’t really just take it right...
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