Manchester GP loses £200,000 to cryptocurrency scam

A 65-year-old general practitioner in Manchester fell victim to a cryptocurrency scam, losing £200,000. The situation has left him facing the potential end of his 30-year marriage. Last year, the doctor faced a £30,000 tax bill and financial constraints. Seeking quick cash, he started exploring cryptocurrency arbitrage after hearing about its profitability from friends. He found a company named Wiseway Investments, which claimed to be registered and reliable. After initial small investments, he quickly saw his money grow, eventually reaching a total investment of £30,000. However, as he tried to withdraw his funds, he was told he needed to pay various fees, which added up to thousands. Each time he paid, the promises kept coming, but so did the requests for more money. His suspicions grew, but he felt trapped by his desire to recover his losses. Eventually, he realized he had been scammed when he could no longer access his account, and the company's website vanished. The doctor’s wife reacted harshly when he disclosed the truth about the scam. She blamed him for being greedy and announced her intention to divorce. Struggling with guilt and despair, he sought help for his mental health. In a desperate attempt to reclaim some of his lost money, he was tricked again by another con who promised to recover his funds for a fee. This only deepened his financial crisis, and he ended up losing an additional £50,000. Now, he faces financial ruin, potential homelessness, and an extended working life. He has contacted a legal firm that specializes in fraud recovery in hopes of retrieving some of his lost money. He hopes sharing his story will help others avoid similar mistakes.