Investment Scam Targets Young Adults: 24-Year-Old Canadian Nurse Defrauded by Fake Broker PureVision Trader

A 24-year-old woman from British Columbia, Canada, fell victim to an investment scam on the "PureVision Trader" platform, losing $7,130, according to Bloomberg. Meanwhile, many other young people facing similar financial pressures are also attempting to ease their burdens through investments.

Amaral was initially introduced to the so-called investment company by a family friend. The company promised to double clients’ funds within months.

Amaral recalled being contacted via WhatsApp by a representative claiming to be from "PureVision Trader." The man, speaking with a British accent and identifying himself as William Burton, presented what appeared to be a UK licensing document. Over the next two hours, Burton guided her in purchasing $7,130 worth of Bitcoin, which she then transferred to the PureVision platform for stock investments.

However, after the call ended, Amaral remained suspicious despite the platform showing her "investment" had been credited. Over the next few weeks, she repeatedly attempted to withdraw, only to be obstructed by the platform under various pretexts. Ultimately, she reported PureVision to Canadian authorities, confirming it was indeed an investment scam.

Moreover, Amaral's family friend also fell victim to the same platform, losing approximately $35,664.

On April 8, 2025, the British Columbia Securities Commission (BCSC) issued a warning against PureVision. Currently, websites associated with this fraudulent trading platform are inaccessible.

Investigations by Canadian financial regulators reveal that last year, investment fraud losses among 18- to 24-year-olds reached a record high, surpassing losses among seniors for the first time.

Fraudsters often lure victims into purchasing cryptocurrencies, as digital assets can be transferred overseas more easily and swiftly than traditional fiat currencies. Meanwhile, these schemes replicate classic investment fraud tactics, such as high-pressure sales and false promises, while leveraging artificial intelligence technology to further deceive victims.

BrokersView reminds you

The online trading platform PureVision Trader has been added to the list of "Scams" by BrokersView.

Investors are advised to check a platform's regulatory status via BrokersView before engaging in online transactions to mitigate risks and avoid falling victim to scams.