7 On Your Side: Man nearly lost his entire retirement savings in crypto scam

NEW YORK (WABC) -- The Federal Trade Commission estimates that $750 million has been lost to the one of the most popular deceptions going on right now: Cryptocurrency scams.

Promising huge returns on investments, victims are being targeted on messaging apps by people posing as attractive women.

7 On Your Side's Nina Pineda calls it Crypto-catfishing.

She spoke to a man from Brooklyn who nearly lost his entire retirement savings.

Check out her report in the video player above.

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It was a small problem with big consequences: All one elderly gentleman from Queens wanted was his newspaper delivered to his doorstep. Nina Pineda has more.

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