An elderly couple in Southern California may lose their longtime home after friends who pretended to be the FBI defrauded them out of nearly $1 million.
The pair were contacted in February last year by fraudsters who said the pair needed to clear their names by converting their money into cryptocurrency so the money could be found by the FBI as part of an investigation. reports KTLA.
The people were given fake identity cards and fake bank accounts were created for them. They were told that they appeared to be suspects in the case.
The victims, believed to be talking to government officials, withdrew their savings and loans before paying nearly $850,000 to the criminals.
The fraudsters allegedly told the couple that digitizing the money would allow authorities to trace the source of the money and remove it from the investigation.
The family eventually converted the money into cryptocurrency and sent it to fraudsters, who they believed were working with the government.
The report said the couple could now lose the home they have lived in for over 37 years after losing their life savings.
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