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75-year-old pensioner devastated after being stolen entire life savings by phone scammer

News - Jun 4, 2024
75-year-old pensioner devastated after being stolen entire life savings by phone scammer

A 75-year-old man lost all his money to a scammer who called him on the phone. The man doesn't want to give his name, but he talked to The Wall Street Journal about what happened. 

The scammer tricked him and took all his savings, which made him very sad.

A 75-year-old man lost all his money to a phone scammer. Image Credit: Getty
A 75-year-old man lost all his money to a phone scammer. Image Credit: Getty

75-year-old pensioner devastated after being stolen entire life savings by phone scammer

The scam began over a year ago when the pensioner received a message on LinkedIn from someone claiming to be a 37-year-old Chinese woman living in San Francisco. 

The scammer initially portrayed herself as a lonely individual who found the man's profile impressive. They quickly connected, bonding over shared interests in food, travel, fitness, and pets.

The scammer pretended to be lonely and liked the man's profile. Image Credit: Getty
The scammer pretended to be lonely and liked the man's profile. Image Credit: Getty

As the relationship progressed, the scammer introduced the man to her "uncle's" company, claiming she had made a significant fortune through its investments. 

For several months, she convinced the man to transfer his entire life savings, a substantial amount of $715,000, into a fake trading account.

She convinced him to transfer $715,000 of his life savings into a fake trading account. Image Credit: Getty
She convinced him to transfer $715,000 of his life savings into a fake trading account. Image Credit: Getty

The promise of marriage and a shared future using the returns on his investment further enticed the man to comply.

During their conversations, the scammer did things to make the man trust her and not doubt what she was saying.

She would make him feel guilty whenever he had doubts or worries, making him think he was causing problems in their relationship.

The scammer gained the man's trust and prevented him from doubting her during their conversations. Image Credit: Supplied
The scammer gained the man's trust and prevented him from doubting her during their conversations. Image Credit: Supplied

Sadly, after the man gave her his money, the scammer disappeared and he couldn't find a way to talk to her or get his money back. 

It's a very sad situation for him because he has no hope of getting his money back.

The sickened texts cost the man's entire life savings.

The man shared some of the text messages he received from the scammer, which further highlight the emotional manipulation he endured. 

The man shared the scammer's text messages, revealing the emotional manipulation he endured. Image Credit: Supplied
The man shared the scammer's text messages, revealing the emotional manipulation he endured. Image Credit: Supplied

In one message, she expressed disappointment in his lack of trust, stating that it made her question men's loyalty.

Another message conveyed her frustration at feeling let down despite her good intentions and sincerity.

The man tried to contact the scammer, but she didn't reply to his messages.

The only message he got in September was from her, saying she didn't want anything to do with him anymore and saying bad things about him.

After receiving his money, the scammer disappeared, leaving the man unable to contact her or retrieve his funds. Image Credit: Supplied
After receiving his money, the scammer disappeared, leaving the man unable to contact her or retrieve his funds. Image Credit: Supplied

It was at that moment he understood that he had been tricked by a cruel scam. This type of scam is called a "pig butchering" scam, where scammers trick vulnerable people and take all their money from their bank accounts.

The pensioner has accepted that he will likely never recover his money and has reported the incident to the Federal Bureau of Investigation's Internet Crime Complaint Center. 

Authorities will review his case and decide whether to pursue it further.