A retired teacher was conned out of her £120,000 life savings after falling victim to a Bitcoin scam on Instagram.

Teresa Jackson, 63, from Portishead, says she’s been left claiming Universal Credit after being tricked into handing over her cash.

The retiree spotted the bogus Bitcoin investment scheme – which claimed it had been endorsed by survival expert Bear Grylls – being advertised on social media.

Ms Jackson says she was then contacted by someone claiming to be a financial advisor who appeared to be “really knowledgeable” and persuaded her to invest her money.

But instead of buying and trading what she thought was Bitcoin, the former teacher was instead sending her money straight to fraudsters.

Have you fallen victim to a Bitcoin scam? Let us know: levi.winchester@reachplc.com

Teresa Jackson was duped into handing over her life savings after falling for a Bitcoin scam

By the time she realised she had…

Read more…