Close Menu
Finance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Facebook X (Twitter) Instagram
Trending
  • Curate your portfolio like the Great Indian Thali
  • Yale University Art Gallery brings 18th century artist George Romney into the 21st century
  • Thorns Gallery opens in the heart of the Yorkshire Dales
  • New open-air art gallery opens in Delhi’s Nehru Park to spotlight emerging talent | Delhi News
  • Art Fairs and the Carbon Cost of Shipping Masterpieces
  • MicroCloud Hologram Inc. Announces It Has Purchased Up to $200 Million in Bitcoin and Cryptocurrency-Related Securities Derivatives, with a Current Cumulative Investment Income of $34.02 Million – TradingView
  • New exhibition opens at Art Project 605 in Detroit Lakes – Detroit Lakes Tribune
  • Students learn sign language at Art League camp – Hazleton Standard Speaker
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
Finance ProFinance Pro
  • Home
  • Art Gallery
  • Art Investment
  • Art Stocks
  • Cryptocurrency
  • Finance
  • Investing in Art
  • Investments
Finance Pro
Home»Cryptocurrency»Pensioner loses $224k after being tricked by AI deepfake Christopher Luxon cryptocurrency investment scam
Cryptocurrency

Pensioner loses $224k after being tricked by AI deepfake Christopher Luxon cryptocurrency investment scam

October 21, 20247 Mins Read


However the video – along with others depicting TVNZ broadcaster Jenny May Clarkson and deputy Prime Minister Winston Peters – were AI-generated deepfakes that weeks later sparked a public scam warning from the Financial Markets Authority.

With $20,000 savings plus a term deposit with $200,000 inherited from her late mother’s house, Creasy was keen to invest.

After responding, she was contacted by a Greek national calling himself Adam Manolas who claimed to be a Terma Group investment adviser based in Manchester.

AdvertisementAdvertise with NZME.

Manolas explained how the investment worked then sent Creasy software called AnyDesk, which gave him remote access to her computer. Using her email, he set up accounts under her name at crypto exchange platforms Easy Crypto and Binance, before instructing her to log in to her TSB internet banking.

She then watched as he transferred the first of a dozen or so payments over the next 26 days to purchase Bitcoin from Easy Crypto. Most of the payments were for $20,000 – her daily transfer limit with TSB.

Creasy’s Bitcoin was supposed to be deposited in her Binance wallet, but she later learned it was sent to another account controlled by the scammers.

A computer expert who helped Creasy unravel the fraud tracked her Bitcoin to a third Binance “holding account” that was receiving nearly $3 million each day and contained nearly $1 billion in cryptocurrency. He believes the assets were likely linked to other victims.

Discover more

When Creasy’s inheritance money and savings were exhausted, Manolas withdrew funds from accounts set up specifically for her grandchildren. On one of their last phone calls, she heard him tell colleagues: “This woman has no money.”

She was promised an 8.5% return, and told her investment had already ballooned to nearly $320,000. But when the first dividend payment did not materialise in late August, she smelled a rat and tried unsuccessfully to recover her money.

A still image from a deepfake AI-generated video depicting deputy Prime Minister Winston Peters appearing to endorse cryptocurrency investment. The video was the subject of a public scam warning in August by the Financial Markets Authority. Photo / FMA
A still image from a deepfake AI-generated video depicting deputy Prime Minister Winston Peters appearing to endorse cryptocurrency investment. The video was the subject of a public scam warning in August by the Financial Markets Authority. Photo / FMA

Taranaki grandmother Jill Creasy, 72, lost $224,000 in an investment scam.
Taranaki grandmother Jill Creasy, 72, lost $224,000 in an investment scam.

‘Evil will come to you’

In an email this week, Creasy castigated the scammers who stole her life savings, warning that “evil will come to you”.

“You told me you are known as ‘Money Manolas’,” she wrote. “Are you a thief?”

“If you entrusted me with your money I would pay you back when you asked for it.

“I hope your 74-year-old mother is safe from predators like you.”

AdvertisementAdvertise with NZME.

Creasy told the Herald Luxon’s apparent endorsement was “the fishhook” for her investing. She’d believed her money was “safe and secure”.

It was devastating to learn she’d been tricked by criminals and that her retirement nest egg was gone.

“First of all I felt angry and then I felt foolish, then I felt really ashamed.”

The scammers instructed Taranaki grandmother Jill Creasy to take this photo to demonstrate she was not being coerced into purchasing Bitcoin.
The scammers instructed Taranaki grandmother Jill Creasy to take this photo to demonstrate she was not being coerced into purchasing Bitcoin.

The financial effects of being scammed were far-reaching and she did not know how she would survive.

Creasy said the scammers were skilled con artists. Both TSB and Easy Crypto had contacted her with concerns about the transactions, but she was so convinced by the ruse she verified the payments as legitimate.

“It’s my fault, I facilitated him getting into my account. I was conned and it’s a terrible feeling because you can’t really believe it.”

AdvertisementAdvertise with NZME.

She reported the scam to police and TSB but her money could not be recovered. She was angry that authorities appeared to be powerless to trace the offenders overseas or hold them to account.

She now wanted to hire a professional hacker to track Manolas – who was presumably targeting other victims – and said she’s envisaged burning down his house.

“I told the detective, ‘If you give me a Luger I’d drop him’.

“I won’t let it rest because somebody is making a living out of dishonesty.”

‘They could be Eastern European, they could be anywhere’

A computer technology expert who assisted Creasy told the Herald the scammers appeared to be part of a large-scale international criminal network.

He believed they were using global crypto exchanges to launder stolen money. They had preyed on Creasy due to her limited technological expertise and vulnerability, he said.

AdvertisementAdvertise with NZME.

“She’s really subverted a lot of checks because they’ve won her over, they’ve gained her confidence as a legitimate investment.”

He said the scammers’ holding account was receiving millions of dollars each day from other victims.

“They seemed to be doing this to multiple people. They appeared to have multiple wallets.

“I imagine it will be quite a large criminal organisation. They are dealing with large amounts of money. They could be Eastern European, they could be anywhere.”

PM says he would ‘never endorse a particular investment’

Prime Minister Christopher Luxon says he would never endorse a particular investment and urges Kiwis to be vigilant for scams. Photo / Mark Mitchell
Prime Minister Christopher Luxon says he would never endorse a particular investment and urges Kiwis to be vigilant for scams. Photo / Mark Mitchell

A spokesman for the Prime Minister said he would never endorse a particular investment and urged Kiwis to be vigilant for scams.

Online scams were becoming more sophisticated with thousands of Kiwis falling victim.

AdvertisementAdvertise with NZME.

“It is distressing for anyone who falls victim to a scam. The Government is always looking at ways to help Kiwis protect themselves online.”

The best way for people to protect themselves was to be vigilant and “aware of the risks”.

‘You have failed to take reasonable care’

Following an investigation into the crypto fraud, TSB told Creasy she had unfortunately enabled the scam by allowing remote access to her device. TSB was therefore not liable for her loss.

“By downloading ‘AnyDesk’ and sharing the one-time [two-factor authentication] codes with the third party … you have failed to take reasonable care to protect your security credentials… which has resulted in the loss, for which you are responsible.”

TSB told the Herald Creasy had authorised each transaction. When queried about her using term deposit funds, Creasy told staff the money was needed for a “family matter”.

TSB froze Creasy’s accounts after learning of the fraud, tried to recover the funds and asked Creasy to contact police.

AdvertisementAdvertise with NZME.

It urged customers to be vigilant, never share account details and not allow third-party remote access to their devices.

Easy Crypto said it worked hard to identify scams and monitor transactions.

The platform contacted Creasy due to concerns about her transactions and to obtain reassurance she was not working with any third party like a broker or investment site.

Scammers gained remote access to the victim's computer then transferred $224,000 to an EasyCrypto account to purchase Bitcoin.
Scammers gained remote access to the victim’s computer then transferred $224,000 to an EasyCrypto account to purchase Bitcoin.

“Ultimately, the decision to proceed with the transaction rests with the customer and in this instance they confirmed that they were sending the funds to their own wallet; weren’t working with anyone and instructed us to proceed with the order. We, like all providers, rely on the information provided to us by the customer.”

Police said the case remained under investigation.

“It’s important to remember that no legitimate company or financial advisers use remote-access software in their work. This is a sign that this is a scam.

AdvertisementAdvertise with NZME.

“If you ever have suspicions, disconnect the call and phone back the number on the company website. Or check in with a trusted friend or relative.”

Lane Nichols is Deputy Head of News and a senior journalist for the New Zealand Herald with more than 20 years’ experience in the industry.

Sign up to The Daily H, a free newsletter curated by our editors and delivered straight to your inbox every weekday.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

MicroCloud Hologram Inc. Announces It Has Purchased Up to $200 Million in Bitcoin and Cryptocurrency-Related Securities Derivatives, with a Current Cumulative Investment Income of $34.02 Million – TradingView

July 11, 2025 Cryptocurrency

Cryptocurrency investors leverage XRP through Blockchain Cloud Mining and earn a stable daily income

July 11, 2025 Cryptocurrency

Next Cryptocurrency to Explode, 11 July — Sei, Optimism, Worldcoin, Jasmy

July 11, 2025 Cryptocurrency

Bitcoin price all-time high: What’s behind crypto’s record-breaking rally – and how high could it go? – Yahoo

July 11, 2025 Cryptocurrency

Politicians are using cryptocurrency to hide stolen money, says EFCC chair

July 10, 2025 Cryptocurrency

Cryptocurrency News Live: Bitcoin, Ethereum, Solana Prices Today; check trading, m-cap updates

July 10, 2025 Cryptocurrency
Add A Comment
Leave A Reply Cancel Reply

Don't Miss

Curate your portfolio like the Great Indian Thali

July 12, 2025 Art Stocks 6 Mins Read

Think of asset allocation like your diet. Dal chawal is an all-weather staple across India;…

Yale University Art Gallery brings 18th century artist George Romney into the 21st century

July 12, 2025

Thorns Gallery opens in the heart of the Yorkshire Dales

July 12, 2025

New open-air art gallery opens in Delhi’s Nehru Park to spotlight emerging talent | Delhi News

July 11, 2025
Our Picks

Curate your portfolio like the Great Indian Thali

July 12, 2025

Yale University Art Gallery brings 18th century artist George Romney into the 21st century

July 12, 2025

Thorns Gallery opens in the heart of the Yorkshire Dales

July 12, 2025

New open-air art gallery opens in Delhi’s Nehru Park to spotlight emerging talent | Delhi News

July 11, 2025
Our Picks

Türkiye focuses on participation finance growth

July 11, 2025

Next Cryptocurrency to Explode, 11 July — Sei, Optimism, Worldcoin, Jasmy

July 11, 2025

Mutuum Finance (MUTM)’s beta launch nears as Bitcoin (BTC) reserves hit $1B, will the $0.03 price survive August?

July 11, 2025
Latest updates

Curate your portfolio like the Great Indian Thali

July 12, 2025

Yale University Art Gallery brings 18th century artist George Romney into the 21st century

July 12, 2025

Thorns Gallery opens in the heart of the Yorkshire Dales

July 12, 2025
Weekly Updates

Southampton City Art Gallery receives £26k grant for project

October 31, 2024

Hawks Nest art gallery and reception May 18 celebrates MTHS student artists

May 13, 2024

Crypto Processing CryptoCloud: Unlocking the Future of Cryptocurrency Payments with Enhanced Performance and Security

May 20, 2024
  • Privacy Policy
  • Terms and Conditions
  • Get In Touch
© 2025 Finance Pro

Type above and press Enter to search. Press Esc to cancel.