Johnston Man Loses Thousands In Investment Scam
PRINCETON – A Princeton-area man recently reported he was the victim of a long-running scam. Altogether the man lost $18,000.
In March 2024, the 64-year-old victim stated he was on a social media website when a female contacted him, claiming she was in Ohio and worked for a “trading company.”
Over the course of the next several weeks, the scammer convinced the victim to invest in her company.
He initially sent $3,000 and later over a period of many months an additional total of $15,000. Each time he was instructed to pay by Apple gift cards.
Recently, the man realized he was a victim of a scam and reported it to law enforcement authorities.
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3 Comments
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All gift cards should be banished from our society. They actually serve no legitimate purpose. However, they are a criminal scammer’s dream come true because they are untraceable. Gift cards should be banned until they can be traced.
There’s nothing wrong with gift cards. Stupid people are the problem.
Gift cards and their transaction data is absolutely traceable. The problem is that the transaction that occurs is a willing transaction by the gift card purchaser. Although the intent of the gift card receiver is deceptive and fraudulent, the purchaser of the card has given consent for the transaction. There is a great deficit in digital education in this country and articles like this give demonstration to that.