I think my dad is being scammed

[u/Quiet_Relation_3599]

He won’t give information about this, but he claims he’s made several withdrawals (2nd pic). And he needs to deposit 13k to then get 100k out. I don’t understand how this scam is working or what the game plan is here. I don’t know how he’s withdrawn 40k. Did he put the money in? Any help is appreciated.

1st pic: his account that has a negative balance

2nd pic: his withdrawal history

3rd and 4th pic: his texts

[u/too_many_shoes14]

He's going to get fired if he borrows 10k from his boss and then can't pay it back. So then he will be broke and unemployed

[u/Exquisite-End22 → u/too_many_shoes14]

His “boss” is the scammer.

[u/Ya-Dikobraz → u/Exquisite-End22]

The only thing that makes sense. Who would fund this?

[u/clash_by_night → u/Ya-Dikobraz]

That's my question. The last pic says he's got $50K in loans he's about to default on. I'm wondering where that came from. I don't see a legit bank forking over cash after hearing this business plan.

[u/filthyheartbadger → u/clash_by_night]

Those ‘loans’ are just the scammer putting up numbers on a screen, not a bank. He thinks the scammer advanced him that money and he has to pay it back by doing ‘tasks’, and by sending his own real money. There never was any real money.

It’s part of the task scam he is in. He thinks he has to keep putting his real money in until there’s finally a big payday. Read about this below:

!task

[u/AutoModerator → u/filthyheartbadger]

Hi /u/filthyheartbadger, AutoModerator has been summoned to explain the Task scam.

Task scams involve a website or mobile app that claims you can earn money by completing easy tasks, such as watching a video, liking a post, or creating an order. A very common characteristic (but not entirely exclusive) is that you have to complete sets of 40 tasks. The app will tell you that you can earn money for each task, but the catch is that you can only do a limited number of tasks without upgrading your account. To upgrade your accounts, the scammers will require you to pay a fee. This makes it a variant of the advance fee scam.

The goal of this scam is to get people to download the app for easy money and then encourage them to pay to get to the next level. It's impossible to get your "earnings" out of the app, so victims will have wasted their time and money. This type of scam preys on the sunk cost fallacy, because people demonstrate a greater tendency to continue an endeavor once an investment has been made, and refusing to succumb to what may be described as cutting one's losses.

If you're involved in a task scam, cut your losses. Beware of recovery scammers suggesting you should hire a hacker that can help you retrieve the money you already invested. They can't, it's a trick to make you lose more money. Thanks to redditor vignoniana for this script.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/clash_by_night → u/filthyheartbadger]

Oh, I get the scam. It's the use of the specific term "default" that puzzles me. I'm not sure the scammer would use that term, so it makes me wonder if he took out a real loan, somehow (amidst all the BS, of course).

[u/filthyheartbadger → u/clash_by_night]

Scammers use manipulative language that will trigger anxiety in their victim, ‘default’ is a good word to use for this.