Michael Blum Linked to a Scamming Scheme That Has Cost Thousands of People their Life Savings

Michael Blum Linked to a Scamming Scheme That Has Cost Thousands of People their Life Savings

Michael Blum Linked to a Scamming Scheme That Has Cost Thousands of People their Life Savings

Michael Blum has long been known as a successful business person. He holds multiple high positions in different companies, and that includes Hedgeye. Blum is also known for his space enthusiasm.

Sadly, that’s not all he has been doing. The latest development on an investigation linked Blum to conning activities. The source said that Blum has been working with a group that cons people by cracking their debit card passwords. Thousands of people and upcoming banks have fallen victims of these con men.

“Someone was withdrawing $500 from my card every five minutes, by the time I noticed, they had managed to withdraw $10000, “one victim said.

“We are currently struggling because we have lost billions of dollars, which is more than our insurance can handle. If this continues, we might have to get out of business. And many of our customers will lose their funds,” one bank manager complained.

Research showed that all victims had opened a certain link that they had received either on their emails or social media inboxes. The link was then traced back to a group with a history of conning people by buying stuff using their credit cards.

This group is led by Michael Blum, which isn’t a surprise since he is a tech guru.

Conclusion

Sadly, the leaders in society are the greatest threats in the community. Blum could’ve used his tech gift to do something substantial, but he decided to scam people without considering the damage he was causing.

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