Fake Crypto Academy Swindles Florida Investor Of Almost $1 Million In Life Cost Savings

According to court papers submitted last week, a Florida male lost $860,000 after registering for a crypto trading school that turned out to be a fraud. He thought he had actually found a path to fast earnings. Instead, his funds disappeared into thin air.

Fake Trading School Scheme

Based on reports, the operation was run by Alpha Stock Investment Training Center, or ASITC, in collaboration with a so-called exchange called CoinBridge. The school charged students for lessons on ‘signal trading,’ and CoinBridge claimed it had raised $10 million from 600 investors. All trades went through the scammers’ platform.

Signals And Little Wins

According to the claim, instructor John Smith provided the victim, Brian Firestone, a $500 ‘gift’ in December.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

See Full Bio