Scam Type
Investment Scam
Business Name Used
Algo Capitals
Date Reported
February 06, 2024
Postal Code
75063
Total Dollars Lost
$ 270000
Scam Description
Chatted with Ryan on Telegram and he sent screen shots of the amount he had made with this site, so on the 18th of December decided to risk 5000usdt (can provide screen shots as proof) later they asked for additional costs as trading bots and refused a withdrawal on the 25th of December.
After which continued depositing, until was final due a withdrawal of $144000( proof availiable) which they claim was paid.
Later the same was cancelled as claimed needed to deposit another 35000usdt to reach the minimum required to withdraw as my earning would be about 230000 would be required to reach higher than this amount. As had foolishly paid 50000 was told this was unavailable thus the additional 35000 to reach the 85000 plan. As had covered all other expenses which by now were well over $260000.
Today was presented with a new story asking for an additional 26000 Hello, according to the previous withdrawal paid on your accumulated profit of $66,000, you were being charged a withdrawal fee of 17% and a tax fee of 9%, which is a total of $17,160 which was confirmed. on your current withdrawal to be made which is said to be above $230,000, you are being charged a withdrawal fee of 16% and a taxation fee of 9% which is a total of $57,500. according to your previous payment of $17,160 and according to the contract agreement, $13,400 have been brought forward in clearing the withdrawal fee and tax, which is a total of $30,560. So you are left with a balance of $26,940 to be paid for your withdrawal above $230,000
Outstanding Fee
Withdrawal and taxation fee – $26,940
Wallet Address – TYXT*********************ZLGCWrLey
USDT(Trc20)
For more information, get back to us) from their support
Every day seems a new ask and apparently a never ending scam!
All have said can be proven as can forward all emails and proof f payments sent from my binance account
