'We lost it all' - Irish men reeling after being conned out of €75k in sinister scam

An Offaly man has launched a fundraiser so he can pay a friend back after the pair lost around €75,000 in an elaborate cryptocurrency scam.

Tony Nugent has said he "fell foul" to the scam which involved trading on the cryptocurrency market with an alleged rogue company.

"I have since realised these scammers had used the name of a reputable company," he said in a GoFundMe explainer.

"I initially invested a small amount of money and it started to grow. A company rep advised/persuaded me to invest more which I did," he revealed.

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"A close friend decided to come on board with me. My friend invested 50k & I 25k so between us we have borrowed and invested 75k & lost it all.

"I want to pay them back every cent they borrowed and I borrowed. So if I could only get €1 per person it would help so much and I will be forever thankful for your help," he concluded on the fundraiser which is in its early stages. You can view the GoFundMe entry HERE.