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Scam information

This content is based on victim and potential victim accounts. Government agencies and legitimate business names and phone numbers are often used by scam artists to take advantage of people.

Description

Met Bitcoin trader on X , Vic was his name, introduced me to Amerilive Markets for a membership, you put down a small sum of money via cash app and as he trades Bitcoin profits go up and you are supposed to be able to cash out after paying trading fees, his commission etc, when I was supposed to cash out , David Stephens, the chief Executive officer tells me the " copy trading feature" was not disabled and my trader kept trading and my profits went over the sum of money which corresponded to my membership so I had to upgrade my membership to get my funds, so that was just the beginning of my speculation of a fraud, from there it was more trading and maintenance and signaling fees, upgrading, I was constantly asking for a refund of just what I had invested and both trader and Chief officer told me it's my account and they couldn't access my money. And C.O.TS had to be paid (cost of transactions). There was always some kind of financial situation that had to be addressed and these two individuals had me send money to what they called merchants through my cash app , it was one attempt to another to send me my profits and either something was delayed or another fee was needed, I sent a large fee for my Coinbase and I was told it was declined and Coinbase waits a month, the platform converted the Bitcoin to cash, and I was told that a new sending modem would be used to send my funds to my bank address but the fee would be 25 grand, I told them NO, and my trader supposedly came up with most of the fee and all I needed to pay was 600 dollars, I flipped out on the Chief Executive and waited so long he cancelled that exchange and then I told him to convert back to Bitcoin and go back to Coinbase,he wants to charge me a grand for the conversion, I told him I'm going to the authorities, my credit suffered slightly and Cash app closed my account because of the dealings this platform had me do, I never had a Cash app account until this, so I'm out 50 grand and the merchants who need to send me my 4,500 after their Cash app unfreeze won't be able to so far.

Dollars Lost

$50000

Targeted Person's Location

NY, USA - 12110

Scammer Information
Scammer location logo

TX

Mail logo

Unknown Email

Mobile logo

(859) 361-6337

Web logo

AmeriliveMaekets.net

Scam Type

Online Purchase

Learn More

Business name

Amerilive Markets

Date Reported

September 30, 2025

Scam ID

1069533


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