Alarming Crypto Scam in Mexico
Recent reports from Mexican media indicate that over 3,000 individuals in the Tehuacán and Puebla regions have fallen victim to a suspected cryptocurrency trading bot scam. The company at the center of this scandal is called AMG GPT, which is portrayed as a “cryptocurrency company” involved in questionable practices.
Promises of Guaranteed Returns Gone Awry
Allegations suggest that AMG GPT operated offices in multiple locations, including Tehuacán and Puebla, but these sites have recently been shuttered. Numerous users of AMG claimed they had invested in crypto trading bots with the expectation of receiving guaranteed daily payouts. However, complaints have surfaced about withdrawal difficulties from the AMG platform.
As time passed, victims noted that their previous payouts had diminished significantly, contrary to earlier experiences where they received returns on their investments. Some of these investors reported being told they must pay “verification fees” to process their withdrawals—an alarming red flag in the investment community.
Frustration and Confusion Among Investors
Journalist Carolina Espinosa River highlighted in Milenio that the offices in Tehuacán have been completely abandoned, leaving victims in despair. Although some alleged “leaders” within the community have come forward, they too claim they are victims of this fraudulent scheme and are unsure who orchestrated it.
Many investors have expressed their frustration, stating they were enticed to “purchase” crypto trading bots for limited timeframes, only to face delayed cash payouts that became increasingly common. An announcement from the company suggested the introduction of a “Crypto-VISA” card that promised redeemable rewards for hefty fees, further complicating the already confusing situation.
Increased Complaints and Legal Actions
Currently, around 100 individuals have formally lodged complaints with public prosecutors against AMG GPT. The company’s last official communication attributed the delays in cash withdrawals to an ongoing “Shopping Festival,” a reasoning that left many investors more bewildered than informed.
A Pyramid Scheme in Disguise?
Reports show that the situation escalated rapidly when those who initially profited from the bot program began recruiting new investors, lured by promises of substantial returns, often claiming the potential to double or triple their initial investments. This influx of new users appears to have contributed to the collapse of the investment scheme.
While AMG GPT’s financial department claimed they were reviewing employee accounts, customers reported that all withdrawal channels have been deactivated, along with the shutdown of associated communication conduits like WhatsApp groups. Investors are now expressing a desperate hope for justice and refunds for their invested funds.
Misleading Marketing Practices
Media sources have published images of AMG’s promotional events, featuring references to popular cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), alongside endorsements from public figures such as Elon Musk. These marketing tactics were designed to instill confidence in potential investors.
Many newer participants were persuaded to invest significant amounts of money—often around $1,000—believing they could make quick profits. This situation echoes events in Argentina, where alleged cryptocurrency scammers used deceptive marketing to ensnare numerous individuals into similarly fraudulent schemes.
In summary, the crisis surrounding AMG GPT showcases the dangers existing within the cryptocurrency investment landscape, wherein ambitious promises can lead to devastating financial losses for unsuspecting investors.