RATE Group | Cryptocurrency scam sees Melbourne couple lose retirement savings
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Cryptocurrency scam sees Melbourne couple lose retirement savings

20 Jul Cryptocurrency scam sees Melbourne couple lose retirement savings

Posted at 02:26h in Cryptocurrency News by

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An elderly couple has issued a heartfelt message after they were caught in a cruel Cryptocurrency scam that cost them the entirety of their retirement savings.

Mike Taylor and his wife Karen were enjoying their retirement, travelling Australia in a campervan, when they were caught up in the online scam.

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Taylor said the Cryptocurrency trading website looked legitimate and initially delivered a high return.

But then their entire $900,000 investment disappeared in a matter of months.

Mike Taylor and his wife Karen were enjoying their retirement when they lost their money to an online scam.
Mike Taylor and his wife Karen were enjoying their retirement when they lost their money to an online scam.Image: 7NEWS

“That was the whole of our superannuation – That’s now gone,” Taylor told 7NEWS.

The bus driver is now returning to work at 70-years-old and is also selling his beloved 1965 Pontiac to make ends meet.

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The couple are among the growing number of vulnerable Australians being targeted by criminals that are ripping off record amounts of money.

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