Lost my mom's retirement to a fake crypto platform after meeting someone on LinkedIn — any hope?

asked 10d ago9 views10 answers
0

I'm so ashamed right now I can barely type this. I met this guy on LinkedIn, seemed super professional, talked about investment opportunities. He was really charming, always asking about my family, getting to know me. After a few weeks, he convinced me to "diversify" into crypto. He introduced me to this platform that looked legit, said it was partnered with some big names. I invested some of my own money first, saw some small returns. Then, like an idiot, I talked my mom into putting a significant chunk of her retirement savings into it, about CAD $150k. Now the platform is gone, his LinkedIn is deleted, and all the money is just... gone. I feel sick. We reached out to our bank, TD, but they said they couldn't do anything because I authorized the transfers. I don't even know where to start. Is there any way to report this effectively and maybe get some of it back? I told my mom it was my fault, and I just can't face her. She trusted me.

10 Answers

42

First off, Mia, please try to remove the self-blame. These criminals are extremely sophisticated and exploit human psychology. It's not your fault. What you've described is a textbook 'pig butchering' scam. The initial small returns are just bait. LinkedIn is increasingly a target for these scams because it confers a false sense of legitimacy.

Key steps for you:

  1. Canadian Anti-Fraud Centre (CAFC): This is your primary point of contact in Canada. Report everything to them. They track these cases.
  2. Local Police: File a formal police report. This is needed for insurance purposes (if applicable, though unlikely for scams like this) and for the CAFC to potentially coordinate with law enforcement.
  3. Bank: Although your bank said they can't do anything because you authorized it, ask them if they can assist with a fraud investigation from their end, especially regarding the receiving bank accounts (if the funds didn't go directly to crypto wallets initially).
  4. Preserve Evidence: Every single message, email, photo, platform screenshot, transaction ID (even if it's just the deposit transaction to the scam platform), and any associated crypto wallet addresses. This is critical. Create a timeline.
  5. Chainalysis/Blockchain Tracing: If you have the crypto transaction IDs, some companies offer blockchain tracing services. While expensive and not guaranteed, they *might* be able to trace funds to an exchange. However, often these funds are quickly laundered through multiple wallets or mixers. Avoid 'crypto recovery' services that promise guaranteed returns; these are almost always recovery scams themselves.

While recovery is difficult, reporting builds a database that can help authorities identify patterns and potentially bring down these criminal networks, preventing future victims. Be patient with the process, it's a long road.

Levi Mulder · Groningen, Netherlandsanswered 10d ago
45

Oh honey, I am so truly heartbroken reading your story. Please, please don't blame yourself. These fraudsters are absolute masters of manipulation, they play on trust and our human desire for connection. What happened to you and your mum is a classic pig-butchering scam – they fatten you up with small gains then slaughter your finances.

Reporting is crucial, even if it feels futile now. In Canada, you need to contact the Canadian Anti-Fraud Centre (CAFC) immediately. They are the central agency for collecting information on fraud. Also, file a police report with your local police force. Even if they don't pursue it directly, having a police report is important for any future actions.

Since crypto was involved, try to gather any wallet addresses or transaction IDs. Even if the platform is gone, these traces can sometimes be helpful for blockchain analysis. Also, screenshots of all communications, the fake platform, everything. Preserve *everything*. You can also report to the FBI IC3 online. Many of these scams operate internationally, so reporting to multiple agencies, even in the US, can help connect the dots globally. Take a breath, you're not alone in this.

Aisha Al Mansoori · Abu Dhabi, UAEanswered 10d ago
21

Ah man, I know that feeling of deep shame and regret, truly. It happened to me too, not my mom's money, but a chunk of my own I was saving for a house. These guys are next level, using LinkedIn of all places. I thought it was safe, you know? Professional and all. They get you with the fake professionalism. I reported mine to the police in SA and also tried to trace some transactions myself, but it was like chasing ghosts. Honestly, I didn't get my money back, not a cent. But reporting it, even if just to the police, felt like I was at least *doing* something. It's a horrible, horrible thing to go through. Don't beat yourself up. They're pros.

Ethan Nel · Cape Town, South Africaanswered 10d ago
12

Ugh, this is just terrible. I'm so sorry, Mia. But honestly, CAD $150k? And your mom's retirement? That's really high stakes. I'm not saying it's your fault, but trusting someone from LinkedIn with that kind of money without insane due diligence... it's a hard lesson. I don't know if many people get their money back in these situations. It just seems like once the crypto is gone, it's gone for good. You can report it, sure, to the police and those anti-fraud centers, but manage your expectations. It's more about preventing others than getting your funds back, usually. So sorry, though. Like really, really sorry.

Lerato Coetzee · Durban, South Africaanswered 9d ago
10

Oh wow, Mia, this is just awful. CAD $150k... that's heartbreaking. And from LinkedIn? Seriously, nowhere is safe. I've heard so many stories about these crypto scams, and honestly, the recovery rate seems super low. Like, next to nothing. You feel terrible now, and that's understandable, but don't hold out too much hope for getting that money back. The scammers are usually overseas, operating with fake IDs, and it's practically impossible to track them. Reporting it might help future investigations, but for your specific funds, prepare for the worst. It's a truly horrible situation, I'm so sorry you're going through this.

Mia Anderson · Newcastle, Australiaanswered 9d ago
38

Mia, my heart goes out to you and your mum. This is a brutal experience, and the self-blame is common but misplaced – these criminals are sophisticated and predatory. You're not alone, many fall for this type of scam.

Beyond what's been said about reporting to Canadian authorities, it's also worth noting the cross-border aspect. Many of these scams originate in Southeast Asia. While individual recovery is extraordinarily difficult, your report, combined with thousands of others, helps intelligence agencies like the FBI IC3 build a clearer picture of these networks. Their IC3 platform is specifically designed for cyber-enabled fraud. They share data with international partners, which is why reporting internationally, even if you're in Canada, can be beneficial.

When reporting, be as detailed as possible: dates, times, screenshots of *all* communications (LinkedIn, WhatsApp, text, email – whatever), names used, any phone numbers, email addresses, the URL of the fake platform, and most critically, any cryptocurrency wallet addresses you sent money to, or bank account details if traditional transfers were involved. Even if the platform is down, historical WHOIS data for their domain can sometimes be pulled. Every single piece of information, no matter how small it seems, could be a puzzle piece. It's a long shot for recovery, but documenting everything gives you the best possible chance.

Jack Davies · Bristol, United Kingdomanswered 9d ago
18

Ugh, Mia, I feel this deep in my bones. I was taken for a smaller amount, but it was significant for me, and the shame was crushing. Met someone on a travel forum, seemed so genuine, then down the rabbit hole of crypto. I couldn't believe I fell for it, thought I was clever with money. It messes with your head, makes you question everything. I reported it to the Gardaí here in Ireland, and also to an EU financial fraud service. They were sympathetic, but said chances of getting anything back were tiny because the money gets moved so fast and through so many channels. The best advice I got was to block everything, change all my passwords, and basically wipe the slate clean digitally. And to talk to someone, like a therapist, about the emotional impact. It's not just about the money, it's a huge betrayal. Please be kind to yourself.

Emma Smith · Dublin, Irelandanswered 9d ago
29

Oh Mia, my heart aches for you. I'm also here in Calgary, and a friend of mine went through something very similar, though it was with a dating app and her own savings. The sheer betrayal, especially when it involves family, is just devastating. Please don't carry this burden alone. The scammers are professionals, and they target vulnerable people, not stupid people. You were manipulated. My friend's bank here (CIBC) also was pretty unhelpful, but she did file a report with the Calgary Police, and also with the Canadian Anti-Fraud Centre. It's a long shot on getting the money back, but it's important for the authorities to have the data. Maybe reach out to a local support group? There are some for scam victims. You need to talk about this, especially with your mom. She probably needs to hear that you were also a victim of a very clever scam.

Sophia Bergeron · Calgary, Canadaanswered 9d ago
14

Terrible, Mia. Really hits hard. The LinkedIn angle is just brutal, they're always finding new ways to trick us. Over here in Singapore, we've had so many of these 'pig butchering' cases, like with CoinEgg and ZG.com type platforms. The authorities, like the Singapore Police Force and our scam alert system, are constantly warning people. You should definitely report to *every* possible agency in Canada, as others suggested. And gather absolutely all evidence. Even if the money's mostly gone, your detailed report helps them map out these global crime syndicates. It's a tough pill to swallow, but sometimes the best you can do is help prevent it from happening to others. And seriously, don't let the guilt eat you up. They're good at what they do, it's not a reflection on you.

Hao Tay · Singapore, Singaporeanswered 8d ago
25

Hey Mia, that's rough, really rough. I got caught in a similar net, though it was about a year ago and maybe a third of that amount, but still, felt like my life was over. Mine was a fake investment thing related to 'green energy' from someone I thought was a cool connection from a professional online community. The shame, man, it nearly broke me. I ended up calling the FTC here in the US and also the FBI IC3. They took my report, and honestly, that was it. No money back. But speaking with someone in a financial therapy setting really helped me process the emotional fallout. The main thing I learned is these scams are built on exploiting trust and emotions, so it's not a reflection of your intelligence. If your mom is understanding, it might even bring you closer, knowing you both faced this challenge. Be kind to yourself, seriously. It takes time to heal from this kind of financial and emotional hit.

Matthew Miller · Portland, USAanswered 8d ago

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