A Colorado retiree has fallen victim to a crypto-romance scam, losing $1.4 million. The scammer, posing as 'Erin' on a dating platform, manipulated the victim into investing in cryptocurrency. Initially, legitimate apps were used, but the scammer eventually directed the victim to a fraudulent platform, depleting his retirement savings. The Colorado Bureau of Investigation is focusing on fund recovery, highlighting the increasing threat of scams exploiting emotional vulnerabilities and regulatory gaps.
Colorado Retiree Loses $1.4M in Crypto-Romance Scam
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