Severe Investment Scam Involving Jubi

• Reported Contact Number: +1 (347) 257-5380
• Reported Loss: $100,000
• Target Location: CA, USA – 93314
• Scam Type: Cryptocurrency
• Date Reported: March 6, 2024
• Scammer Location: Santa Monica, CA

Description of the Scam: The victim reports being unable to withdraw funds from their Jubi account after paying significant sums for taxes and validation fees and being fined for alleged inside trading—a charge they were previously assured would not be levied. Despite assurances that no additional fees would be required and that withdrawals would be processed, the victim experienced escalating demands for money. The account has since been frozen, and threats have been made demanding a further $33,000 fine, all while the victim’s funds remain inaccessible.

Please share your story if you have experienced similar issues with Jubi or any other investment platform that required upfront payments and subsequent withdrawal difficulties. Specific details such as the payment methods, additional contact information, or correspondence with the scammers could be instrumental in helping others avoid these fraudulent schemes.