A resident of the self-governing British island, Jersey, has lost their life-savings to a Bitcoin scam. Scammers hoodwinked the victim over an 18-month period leading him on to eventually hand over his £1.2 million ($1.5 million) life savings, The Jersey Evening Post reports. The criminals promised the victim returns 15 times the size of their investment. According to reports, the victim was contacted by the criminal‘s company after asking about Bitcoin online. He was led to believe that the company was offering legitimate Bitcoin investments. Over the following 18 months, the criminals duped the victim into making larger investments that…

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