A recent scam report has highlighted the dangers of trusting investment opportunities shared on social media, even when they appear to come from known contacts. An individual was defrauded out of $2,859 after engaging with what seemed to be a friend’s recommendation for a cryptocurrency trading platform on Facebook. This friend, a licensed crypto advisor, had their account hacked, making the scam appear particularly convincing.

Scam Overview:

• Scam Website: https://www.regionscapitalcity.com/
• Loss: $2,859
• Contact Email: support@regionscapitalcity.com
• Contact Phone Number: (518) 992-4441
• False Location: Manhattan, NY – 10282
• Actual Scammer Activities: Requesting additional payments for commission before releasing supposed profits.
• Scam Type: Cryptocurrency / Investment Scam
• Reported: February 7, 2024
• Victim’s Location: RI, USA – 02818

The victim was misled by a hacked Facebook account of a personal acquaintance, who was advertised as being affiliated with the fraudulent trading platform. After investing and supposedly earning profits, the victim was asked to pay a commission before withdrawing funds, a common tactic used by scammers to extract more money. Further investigation by the victim revealed that the company’s website, physical address, and phone contact information were all fraudulent.

If you or someone you know has been approached by or fallen victim to a scam through regionscapitalcity.com or any hacked social media account soliciting investments, sharing your story can help prevent others from being scammed.

Be extremely cautious of investment opportunities shared through social media, especially those requiring upfront payments or commissions to be paid before accessing supposed profits. Always verify the legitimacy of the company and the individual contacting you through independent and reliable sources before making any financial commitments.