The Killaloe OPP is investigating a cryptocurrency scam that cost a local couple over $370,000.
The OPP started investigating on June 14th, 2022.
The victims invested a large sum of money to purchase cryptocurrency from an alleged reputable investment company.
The OPP says once a request was made to withdraw the alleged investment gains, the fraudulent company made excuses as to why the couple could not receive payment.
No money was provided back to the couple.
WARNING FROM THE OPP
Cryptocurrency scams and frauds attempt to steal your money, and your personal and financial information. Fraudsters will offer you cryptocurrency buy-ins promising a high rate of return and in a short amount of time. Instead, the victim will lose their investment, and sometimes their personal and financial information.
Police caution community members to always check with a reputable accredited financial advisor or your financial institution who can provide you with accurate information and advice.
For more information please visit: the Canadian Anti-Fraud centre online at www.antifraudcentre.ca or call 1-888-495-8501.
(written by: Rudy Kadlec)
