BRADENTON, Fla. — Police said a Flordia man pretended to be South African-born billionaire Elon Musk to defraud an elderly woman out of thousands.
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In 2023 the 74-year-old woman befriended “Elon Musk” on Facebook. Over several months she was encouraged to invest in Musk’s business, according to Bradenton Police Department in Florida.
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Police said the victim was promised a $55 million return.
Financial records indicate the victim transferred $250,000 to bank accounts owned by Jeffrey Moynihan, Jr., 56, and his business.
The woman’s husband told police she gave “Elon Musk” approximately $600,000.
Police arrested Moynihan at his home.
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