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Father fell prey to one of these scams. He asked me about crypto trading and mining so I talked him through it. He then mentioned he was doing it through a comp
by freitzkriesler2 3y ago
Father fell prey to one of these scams. He asked me about crypto trading and mining so I talked him through it. He then mentioned he was doing it through a company whose name was big in the forex world.
I got confused because the forex company wasn't involved in crypto so I asked him for the site nor was anything he said related to trading or mining.
Going to the site, i immediately knew it was a scam. I asked him how he got a hold of this and some chinese woman had cold texted him. He's a senior so of course boomers are ripe for the pick since he lived alone. Ended up buying $10k worth of crypto to send to this scam site.
When he tried to withdraw they sent h some nonsense email about tax withholding from the WTO and subsequently "froze" his account until he deposited 75% more.
The worst part of the ordeal was how defensive he got with me about it. He was more concerned with the nonsensical scenario of him losing his PoA than losing $10k to an otherwise obvious scam.
I showed him some of the fun culturally insulting things I've said to indian and Chinese scammers who cold text.
Dad ended up getting a part time job to occupy himself and have some people to talk to. Haven't heard about him day trading or mining crypto either. I said if he wants to get into day trading to do it through some US based company you've heard before and if he wants to mine crypto, then I'll help him find hardware to do it.
- baobabKoodaa 3y ago> I said if he wants to get into day trading to do it through some US based company you've heard before and if he wants to mine crypto, then I'll help him find hardware to do it. I like that you didn't tell him to stop doing these things entirely (even though that might arguably be for his best) but instead you told him you would help him do these things if he wants to do them.
- freitzkriesler2 3y agoIt's his money to lose. Id rather he be day trading and losing money with a slight chance he might get lucky than playing slot machines which are a guaranteed to lose money. Crypto mining is a passive activity so no harm there