Investor Loses $243K in Crypto Scam After Fake Website and Tax Demands
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Lost $243,000 in a crypto investment scam after being encouraged to invest more and more money by someone I met on Instagram
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The scammers used a fake cryptocurrency website that looked legitimate to trick me into sending money
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Tried to withdraw money but was told I need to pay $150,000 in "taxes" first before I can access my account
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Reported the fraud to the FBI and FTC but have not heard back yet
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Unsure if I can claim the losses on my taxes, may qualify for a small capital loss deduction but could risk audit