Britons lose life savings to ‘Ali Baba and the cryptocurrency scammers’ | News

The two men pose for the camera holding a trophy, medals and a certificate commemorating their victory at a pub quiz in what would otherwise be an unremarkable photo.

However, the team’s name, “Ali Baba and the 37 thieves”, revealed on the certificate, gives a compelling insight into a company that allegedly lost dozens of Britons tens of thousands of pounds.

The photo, posted on the Instagram account of the cryptocurrency firm EverFX, was cited by Spanish police during their investigation of hundreds of companies suspected of being involved in an estimated £2 billion fraud.

So-called “brokers” for EverFX, which once had headquarters in Cyprus, allegedly cold called dozens of British victims and convinced them to pour their savings into crypto currency schemes.

The alleged