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Scots dad’s warning after losing £100,000 of life savings to cryptocurrency scam

A Scots dad who lost ‘£100k’ of his life savings after falling for a cryptocurrency scam has issued a warning to others.

Mick, who owns the Coffee Lodge in Hermitage of Braid, Edinburgh, shared his story with customers after realising he had been conned. He explained in the last seven years since the Lodge opened, he had been adding to a savings account for his children, Edinburgh Live reports.

Then at the beginning of this year, he decided to invest the money in cryptocurrency – but later made the horrifying realisation he’d lost ‘all of his life savings’.

Posting to Facebook, Mick wrote: “I invested it all in January after doing due diligence on the company so felt safe.”

The businessman then tried withdraw his money, which he was told he had made a good return on, to put down a £35k deposit on a flat – but the money never came.

He added: “It never arrived, after weeks of investigation it was found to be fraudulent, and I tried every avenue has been explored to retrieve it. The point of the post, not sympathy (I’m not that type of person), financial gain, or anything like that.

“I did it. Nobody forced me. It’s just a warning really do not do what I did unless you’re a financial professional.

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