Widow Loses $1M in Crypto Scam, Chatbot Exposes Fraud
Update: 2025-12-09
Description
A San Jose widow, Margaret Loke, lost nearly one million dollars in a cryptocurrency scam after being deceived by a man she met on Facebook, claiming to be a wealthy businessman. The scam involved building trust and convincing her to invest in fake platforms, ultimately draining her retirement accounts and putting her home at risk. She sought advice from ChatGPT, which identified the scam, and later confirmed her money was routed to a bank in Malaysia. This incident underscores the growing threat of online investment scams and the difficulty in recovering funds once they leave U.S. banking channels.
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