Simon Hoadley, a retired financial advisor, lost £80,000 in a cryptocurrency scam during the pandemic
The scam company, posing as investment specialists, enticed Hoadley with initial positive returns
Investment value fell, the company stopped responding, and an unexpected $5,000 was withdrawn from Hoadley's account
With the help of CEL Solicitors and the Financial Ombudsman Service, Hoadley successfully recovered over £75,000
The UK's FCA reports a 59% rise in crypto scam inquiries since 2020. Stay vigilant and research before investing