A sophisticated scam has been reported involving an entity known as “Eco Trade Options,” purporting to offer AI-generated Bitcoin investment opportunities. Victims are enticed with promises of rapid profits on their investments, guided by so-called experts via social media platforms such as Facebook and Instagram.

Key Scam Details:

• Website: ecotradeoption.com
• Contact Email: chris_rapmaster@live.ca
• Contact Number: (905) 251-1029
• Initial and Subsequent Payments: Victims report being initially asked to invest $500, followed by a request for an additional $775 under the pretense that it was necessary to secure and further the initial investment. A further demand for $1,750 for a “signal card” necessary for withdrawal processes escalates the total financial loss.
• Promised Returns: High, rapid investment returns, leading victims to anticipate relief from financial burdens.
• Actual Outcome: Withdrawal requests remain pending, with further financial demands made under various pretexts, leaving the victims out of pocket with no returns.
• Location of Targeted Individual: ON, CAN- L4N 7G8
• Total Dollars Lost: Approximately $1,846 CAD
• Scam Type: Cryptocurrency investment scheme.
• Date Reported: December 6, 2023.

You are encouraged to share your story if you have encountered “Eco Trade Options” or have been affected by a similar scheme. Your information could be invaluable in preventing others from falling victim to these fraudulent practices and may assist in any ongoing investigations aimed at identifying and prosecuting the perpetrators.