The complaints were filed within the last nine months alone, between February and October. The losses reported by Gizmo range from an eye-watering $700,000 to smaller figures of $10,785. The fraudulent ads target Musk fans by featuring his major companies including SpaceX, Tesla, and X, formerly Twitter. Others capitalized on Musk’s association with presidential candidate Donald Trump. Advert One victim lost $700,000 dollars to a crypto scammer (Omar Marques/SOPA Images/LightRocket via Getty Images) One New Yorker, who considers herself to be an 'intelligent woman' and a 'huge fan' of Musk and Tesla, reported losing $100,000 after 'attempting to research the Juniper Tesla Model Y,' due to be released in 2025. She stumbled upon a video purportedly of Musk talking at a cryptocurrency convention, prompting people to scan a QR code on the screen which takes people to a website that promises to double the crypto they invest - a pretty common tactic used by scammers. The woman, aged between 50 and 59, said in her complaint: "I only bit into this because it did sound too good to be true. Because it was Elon Musk, and he was on stage and it was live, and it looked like him and it sounded like him and all his words promoting this technology was so believable and everything that I believe in." Advert