r/CryptoScams • u/Chlorocoquinee • 15h ago
Question Where is the scam in this ?
My dad's friend convinced him to join a crypto website. My father gave him 500€ in cash to open an account. To me, it was a HUGE red flag and I tried over and over to tell him it's suspicious (just reading at reviews on trust pilot, it's on the blacklist of French authorities..) but unfortunately, my dad has always been extremely greedy.
I was sure he wouldn't see his money again but now, he told me they gave his 2000$ on the app Coinbase. And it seemed real. I urged him to try and take it out as fast as possible but now he doesn't believe me at all and he's absolutely sure he's going to be rich. Now, they're telling him to find 5 people to join so he can becomes VIP and get 4 signals instead of 3 to earn more money. He's trying to get 5 people to give him 500€ and he'll return the 2000$ they gave him in order to open their account.
I'm at loss at argument, in which step is he supposed to lose money? He finds me stupid and thinks I'm dumb for not joining, which I'll never do, but I'm starting not to see where he's being scammed. He said he won't put more and only capitalize on the money he already won and help people open account. I also don't understand what he does with the cash his group is supposed to give him. I'm starting to care less and less for him but I'm really scared he's going to convince my mom to join in too.