RATE Group | Will we ever see our £110,000 cryptocurrency investment again? | Money
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Will we ever see our £110,000 cryptocurrency investment again? | Money

Will we ever see our £110,000 cryptocurrency investment again? | Money

John Laws, 75, says he handed over “a substantial chunk” of his and his wife’s retirement fund to Coin Bits, a cryptocurrency trading platform that has been flagged as potentially fraudulent.

John, a retired petroleum engineer, wants to warn others of the risks of cryptocurrency and to find out if there is any chance of his getting his money back. He left his details below an article that claimed to reveal how the chef Gordon Ramsay and other celebrities had made a great deal of money by trading cryptocurrencies.

ILLUSTRATION BY JAMES COLTMAN

John was called by “a cryptocurrency trader” who persuaded him to invest £250. After being shown graphs apparently showing the success of the caller’s trades, John invested £9,000, then £50,000 and then a further £50,000 between

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