Cookies on BBB.org

We use cookies to give users the best content and online experience. By clicking “Accept All Cookies”, you agree to allow us to use all cookies. Visit our Privacy Policy to learn more.

Manage Cookies

BBB Scam Tracker

Back to search

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.

Share and help us warn others

Description

I got a random text on discord from a guy named matt Hendricks and he asked me if I knew anything about crypto.I told him I didn’t and he proceeded to inform me and offered copy trading for beginners. He told me I could invest 100 dollars minimum which I did, all this was done through bitcoin but then he told me that it was to low for me to follow his trades so I added 900 more dollars as he instructed me to do so.this was a three month duration plan. I accidentally made another trading plan which meant I had two different plans following him.so I had to add 500 more dollars for the second plan.i started getting hit with all of a sudden fees after a couple of days like switching to a higher frequency which cost like 2,000.After eight days the signal that is needed to copy his trades goes out and you need to pay 1300 dollars to renew it. After paying for all of this and doing more research I kept telling myself and him that it was suspicious and probably a scam, but he reassured me and gave me his word that it wasn’t. Many red flags about the website kept going down and having maintenance without notifying.So then I started doing research on him and the website found his instagram and it seemed suspicious but at the same time legit.the first month was just the two fees but after that was he had a significant lost and I had to put back what he lost 830.He switched coins on the second month to etherum and I had to add 1500 each plan so 3000 total.he started asking me if I wanted to be apart on extra trades, and I wanted to so it was 600 dollars and that made a profit of 1300.another fee came which was that one of my plans had 1000 more dollars in it and they told me that they both needed to be at the same to continue, I couldn’t afford it right away so he said that it would be paused until I can pay it.i payed it after a week in which he said that my duration was also pushed back a week.the third month he switched to lite coin and I believe I had to put 1500 in each again.two weeks later after the election it went on a bull run and because of that I had to pay 1800 in total to add a stop loss.he kept telling me everything was fine and that he will make sure everything is going good for me, he texted me almost every day out of those three months.the 1800 dollars was the last sudden charge, the. It came down to withdrawal timeNov 25. I needed to register my wallet for 460 dollars and pay a vat tax 10% which was 7600, this is when I knew my money was gone and since then he’s still texting me and trying to get me to pay it even offering installments.

Dollars Lost

$14855

Targeted Person's Location

TX, USA- 79703

Scammer Information
Scammer location logo

Unknown Location

Mail logo

Unknown Email

Mobile logo

(864) 205-1031

Web logo

https://tradinsignalltd.com/

Scam Type

CryptoCurrency

Learn More

Business name

Trading signal ltd

Date Reported

December 2, 2024

Scam ID

916947


Similar to your experience?

If you find a scam ID that matches your experience, tell us what happened and share the information you have.

Media or law enforcement?

Wish to dispute this scam report?