I was already suspicious when my dad came to me last week saying his friend got him into "trading" and praised the potential of making money. He's out $300 and his friend has put in around $3000 already (based on what he said). It follows the same story of downloading Bonchat and talking to some woman for guidance. He gave his phone number and driver's license.
I unfortunately couldn't investigate because I forgot the name until today, and as expected, it was a total scam. I'm vexed that my dad isn't even horrified because apparently "oh, FRIEND is gonna pull out the money soon and we'll see if it's a scam or not. If I lose $300, I lose $300." Even more vexing, he said he doesn't have $300 to do investments but apparently has $300 for A LITERAL PONZI SCHEME.
By next Monday he plans to bring me to this friend and try to get me into it, but I'm about to confront this friend of his about it instead. Even if they are able to pull money out because of the Ponzi structure, I am guaranteed to start throwing a yelling fit to close their accounts.
If anyone has dealt with this, are there any steps I can take after this? I'm concerned about his license and phone number having been handed over. Anywhere for me to report or call?