A Romance Scam: I Was Scammed by Knight Service Group for $1.44M

An American investor with no experience in forex trading got scammed recently. The man, who first struggled with a romance scam and then fell into the trap of forex speculation, exposed the tricks of the illegal platform Knight Service Group to WikiFX.

Investors account of the scam

I live in the US. I was lured by a single mom named Nancy, who I met on a dating app. She immediately wanted to chat on WhatsAPP. She said she was working with an “account manager” named Bozza. I was tricked and was led to believe I needed a minimum amount for certain investments and to reduce my commission. I made some profitable “trades” on the Knight Service Group platform. The thing was I borrowed money to trade. I borrowed twice- $400K and $330K. The scam should have been evident to me then, because I had to use outside money, instead of money already in the account, to pay off the loan!

The picture of Nancy

Nancy said she'd make enough from a business deal to cover what I couldn't pay for the $330K loan. Of course, the “business deal” fell through. She was the “guarantor” for the loan. Bozza said if we're late, we'd have to each pay $500/day in late fees. But then he said that her late fee was $5000/day! I agreed with Nancy to pay him $90K late fees. When they realized I had lost interest in trading, Nancy tried to get me to pay $200K to withdraw $2M (10% commission fee). That's when I saw it was a scam! She told me that withdrawing less had a 20% fee. When I said I didn't want to withdraw money, she tried really hard to get me to do it. Then she started telling me I should give $200K so she could withdraw. She seemed fixated on getting me to pay $200K. At one point, she said she'd get money from her parents and then said her dad had a heart attack.

Nancy would send me so many nice pictures of “herself”. Her “daughter” was really cute. She would say how special I am. Her “daughter” even knew about me. Ive attached a picture of her. I don't expect to get any money back, but I hope this protects others from getting scammed.

*Knight Service Groups score on the WikiFX APP

ReviewKnight Service Group on WikiFX APP

Knight Service Group is displayed with “no valid regulatory information” and only has a score of 1.11 on the WikiFX APP, which means the broker is quite risky. Besides, the number of complaints received by WikiFX about this broker has reached 12 in the past 3 months, please stay away!

Scam alert on the WikiFX APP

So far, WikiFX APP has included profiles of more than 29,000 forex brokers around the world, while integrating special functions of broker information query, exposure, field investigation and protecting investors funds in forex trading. You can download APP here: https://bit.ly/wikifxIN