A Houston man said he has hundreds of thousands of dollars invested in cryptocurrency he can’t access. Jeff McCollum thought he had done his research before investing more than $200,000 through an online investment company.
“I feel like I can pretty much lose everything,” said Jeff McCollum. “I’ll just go back to square one and just rebuild from there.”
McCollum appears to have more than $420,000 in cryptocurrency available in his account with an online investment company. However, he can’t withdraw any of those funds. McCollum tried to withdraw $2,000 from the account while speaking with KPRC 2 Investigates and received a message from the company.
“It says, ‘Sorry your account is currently not available to withdraw funds,’” said McCollum.
McCollum said a friend put him in touch with a supposed financial advisor who recommended using this company to invest in cryptocurrency.
“Both of us used to talk about cryptocurrency, we both invested. We actually did pretty well,” said McCollum.
The company’s website looks legitimate at first glance and McCollum said he saw his initial investments earning money.
“On the website, it was showing how much I was making every single day,” McCollum said.
“On the website, it was showing how much I was making every single day,” McCollum said.[ad_2]