Withdrawing money from a cold wallet into my current account

cooper9

Hi,

A couple of years ago, I bought $250 on a platform to buy and sell shares. Within a few weeks, I'd spent the $250 and put it down to experience and stopped there. 

Recently I received a call from a man telling me that the platform I had used had used my $250 and invested it for themselves fraudulently. As such, I was entitled to a significant amount of money back.

With guidance from the man, I set up a cold wallet and I can now see funds (in dollars) sitting in my cold wallet account.

So here's my question. The man is saying for me to transfer this large amount into my current account, I need to transfer £2000 out of my current account for this large amount to then be transferred. This sounds dodgy to me. I can see the funds in my cold wallet account but I'm keen to find out how I can transfer these funds without losing anything out of my current account.

Any advice?

Thanks

refluxer

This is obviously a scam. Please don't transfer any money - you'll lose both that and the money in this so-called wallet, because it presumably doesn't exist.

In fact, I wouldn't be surprised if the original platform you sent money to was a scam and this was simply a follow-up to get more money from you 

subjecttocontract

Is this what is commonly known as 'a wind up' ?

eskbanker

Advance fee scam - ignore!  You don't have access to any notional funds, so don't throw £2K at the scammer in the hope that you'd retrieve the fictional money....

Section62

cooper9 said:

Hi,

A couple of years ago, I bought $250 on a platform to buy and sell shares. Within a few weeks, I'd spent the $250 and put it down to experience and stopped there. 

Recently I received a call from a man telling me that the platform I had used had used my $250 and invested it for themselves fraudulently. As such, I was entitled to a significant amount of money back.

With guidance from the man, I set up a cold wallet and I can now see funds (in dollars) sitting in my cold wallet account.

So here's my question. The man is saying for me to transfer this large amount into my current account, I need to transfer £2000 out of my current account for this large amount to then be transferred. This sounds dodgy to me. I can see the funds in my cold wallet account but I'm keen to find out how I can transfer these funds without losing anything out of my current account.

Any advice?

Thanks

+1 to you being targeted for a scam.  The classic 'You need to give us money so we can give you a bigger amount back' scam methodology.

If someone else phones saying you are at risk of being scammed and they can help you prevent it, then they are almost certainly a scammer as well.

Think what personal details you've given the scammer, and whether you need to change passwords etc as a result.

brucefan_2

Does this really objectively look likely?

ColdIron

A classic advance fee scam. You must hear the alarm bells

cooper9 said:

This sounds dodgy to me

Hmm

Any advice?

Walk away, put down the phone and be wary of similar offers in the future. They'll be back

Hope you didn't disclose too many other details about yourself

grumbler

cooper9 said:

The man is saying for me to transfer this large amount into my current account, I need to transfer £2000 out of my current account for this large amount to then be transferred. This sounds dodgy to me.

Bravo!     

ColdIron

brucefan_2 said:

Does this really objectively look likely?

If it didn't work it wouldn't happen. This board regularly sees similar (and worse) posts

It's a numbers game. 1 hit in 100 could be profitable given the minimal outlay on the scammers part

Swipe

Posting here just saved you £2K

cooper9

Thanks for all your comments but I have my own legitimate cold wallet with funds in there. I’m asking if I can take my funds out of this account into my current account without any involvement from anyone else. Thanks