A group of South African investors recently confessed to losing money to a cheeky con artist after convincing them to buy and keep nearly worthless physical coins. The coins, which are denominated in Bostwana pula’s currency, were initially sold to a group of South African women in 2019 when bitcoin was worth only $ 3,500.
However, according to a report, this scam only came to light when a member of the group known only as Lizet tried to make money after losing her job. Lizet explained:
I lost my job and decided to sell a bitcoin because it had doubled in price (and that’s when). to be found.
Meanwhile, Lizet adds that before the women realized they were being scammed, the scammer would tell them that what they were doing is what investors call hodl ‘and that’ if the price is right, people will fight over the coins of to buy us. It was this reassurance that convinced Lizet, who was patiently waiting to become a millionaire, to take out a loan to buy the coins.
In the meantime, the report cites an unnamed spokesman for the country’s police as also confirming that the physical coins in question were in fact Botswana Pula coins. Police also revealed that “information (has) been submitted and the letters BTC (are now) engraved on it.”
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