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International Business Times UK
International Business Times UK
Business
Akshay Puri

Woman Drains 401(k) in $600K LinkedIn Scam — Then Faces $225K Tax Bill on Money She Lost

LinkedIn United States
A LinkedIn relationship ended in a scam, leaving one victim with retirement debt, loans, and a huge tax bill. (Credit: This is an AI-Generated Image)

Lori Flowers thought she was helping a close friend, but she lost $600,000 to an online scam and was left with a $225,000 tax bill linked to retirement withdrawals.

Flowers, 58, fell victim to a pig-butchering scam after a man contacted her on LinkedIn, claiming to be from Brussels. Over months, he gained her trust and persuaded her to invest in a fake US business. The money was gone, and the tax bill followed when her retirement withdrawal was taxed as income.

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