The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

‘It Sounded Reasonable at the Time’ – Elderly JPMorgan Chase Customer Duped out of $13,000 by Contest Scam: Report

by Daily Hodl Staff
July 1, 2025
in Scams, Hacks & Breaches

An elderly JPMorgan Chase customer is out thousands of dollars after scammers convinced him he won a big prize.

An 87-year-old man from Portland, Oregon, lost a total of $13,000 to scammers who told him he needed to pay them money to receive hundreds of thousands of dollars and a new SUV, reports the NBC-affiliated KGW8.

[adinserter block="1"]

The victim, whose name was not provided, says he received a call one morning from a man claiming he won a Publishers Clearing House prize.

“[He said] that I won second prize. Second prize is $850,000 and $150,000 in cash. And additionally, I was going to [get] a Mercedes SUV.”

However, the victim says he was told he had to meet someone at his bank and hand over money to receive it. He says he followed the instructions and was met by a thief who walked with him into a Chase Bank branch in Northwest Portland.

“I said, how much money do you need? He said $10,000. I said, what’s that for? He said, well, we need people to insure the car, give it license plates, install the plates. It sounded reasonable at the time.”

The scam didn’t stop there. He says the thief got him to come back later that day and withdraw another $1,500, as well as go to CVS to buy three $500 gift cards.

However, he says that when his wife, Iris, came home and he told her about the situation, she realized he had been scammed. She says the bank teller should have figured out her husband may have been a victim of fraud before letting him withdraw the funds.

Says Iris,

“When I got home he said, ‘I have good news for you. We won Publishers Clearing House. We’re going to get a big check.’ After that, I had a meltdown. None of this would have happened if the teller had called a manager. None of this would have happened, and it’s not like he looks like a young man. There was a man, like, shadowing him.”

A Chase Bank spokesperson says the firm is looking into the matter. The Portland Police are also investigating.

Says the victim,

“I used to be a very bright guy, and I feel very stupid now having bought this.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • EMCD launches Miner Support Program with up to $30M for miners amid industry’s steepest profitability squeeze
    July 27, 2026
  • RISEx Launches ‘Ignite’ Season 1 Points Program, Following $3B in Volume During the Early Access Phase
    July 24, 2026
  • CoinRabbit and GoMining Report: Managing Bitcoin Matters More Than Mining Volume
    July 23, 2026
  • Adam Weitsman Backs Unserious in their Acquisition of Creepz and Psychrome homecoming
    July 22, 2026
  • Flyfi Launches Hotel Booking Platform With Cryptocurrency Payments and No Account Registration
    July 22, 2026
  • Hashi Testnet Is Live, Bringing Native Bitcoin Finance One Step Closer to Global Adoption
    July 22, 2026
  • Bybit Presents Exclusive $1M Prize Pool for Stock-Themed Trading As Wall Street Enters Earnings Season
    July 22, 2026
Submit a Guest Post
ADVERTISEMENT

Spotlight

  • Scammers Drain $50,327 From Florida Woman After Posing As JPMorgan Chase Representatives
    July 25, 2026
  • Up to $5,000 Per Person Incoming After AI Firm Accused of Exposing 480,000 People in Data Breach
    July 26, 2026
  • Pennsylvania Executive Drains Over $1,100,000 From Four Successive Employers
    July 26, 2026
  • FBI and US Banks Freeze $679 Million in Scam Transfers in 2025 After Rapid Victim Alerts
    July 27, 2026
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl