In a significant warning about the dangers of cryptocurrency fraud, an Aransas Pass veteran has shared his experience of losing thousands in a Bitcoin scam. Mike Williams, a resident of Aransas Pass for over ten years, became a target after receiving a deceptive pop-up on his computer, falsely indicating that his device had been compromised.
Initial Encounter with the Scammer
Concerned about the supposed threat, Williams called the number provided in the pop-up for technical support. During the call, the scammer alarmed him by stating, “Your financial sites will be in danger.” This comment intensified Williams’ anxiety about his financial security.
The Deceptive Transactions
Subsequently, the scam artist convinced Williams to withdraw money from his bank account and deposit it into what he was misled to believe was a traditional ATM. In reality, he was using a Bitcoin ATM controlled by the scammer. Over two visits, Williams deposited substantial sums of money.
Warning from a Bystander
On his second visit, an employee at the store warned Williams about potential fraud, stating, “I told him, ‘Don’t do that,’ and he walked away.” Despite the warning, Williams continued with the transaction.
Realization and Reporting
The following day, Williams felt something was wrong. He attempted to confront the scammer by phone, but the call ended suddenly. Soon after, he reported the incident to local authorities in Aransas Pass.
Seeking Justice and Awareness
Williams is now working with AARP to connect with a fraud specialist to review his case. His experience resonates with previous stories of fraud victims, including an 80-year-old veteran from Florida. This individual was nearly swindled into using a Bitcoin ATM while being manipulated by scammers impersonating bank officials.
Fraud Statistics
According to AARP, fraud and scams led to total losses of $12.5 billion for Americans in 2024, the highest ever recorded. Older adults, especially those in their 70s, faced severe repercussions, with a median loss of $1,000. Investment and cryptocurrency scams have been particularly detrimental.
Advice for Potential Victims
Following his ordeal, Williams emphasizes the importance of vigilance, especially amongst seniors and veterans. “You can’t be too careful,” he advises. “Don’t believe everything that you read on that computer or call numbers. Be very cautious.”
How to Report Scams
For anyone experiencing similar scams, AARP recommends reporting incidents to the:
- Federal Trade Commission via reportfraud.ftc.gov
- FBI Internet Crime Complaint Center at IC3.gov
- AARP Fraud Watch Network Helpline at 877-908-3360
By sharing his story, Williams hopes to help others avoid similar pitfalls in the ever-evolving landscape of cryptocurrency fraud.
