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Guelph man loses nearly $100,000 in cryptocurrency scam: police – Guelph

diffrint by diffrint
December 30, 2021
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Guelph man loses nearly $100,000 in cryptocurrency scam: police – Guelph
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By
Mike Hodges


International Information


Posted December 30, 2021 10:31 am


Up to date December 30, 2021 11:19 am

Guelph police are investigating after a web-based cryptocurrency rip-off resulted in a person shedding practically $100,000.

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Police stated the person was contacted by an unknown particular person after posting in a web-based discussion board in September that he was on the lookout for help studying how one can put money into cryptocurrency.

By the tip of October he had reportedly transferred roughly US$50,000 and was informed the funding was now value greater than $210,000.

Learn extra:

A woman in Guelph loses close $8,000 in Bitcoin scam, police say

After being requested to make two separate transfers of $21,000 to pay a tax on the revenue, investigators stated he grew to become suspicious and contacted police.

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Police encourage residents to be vigilant when investing in cryptocurrency — to carry out in depth analysis earlier than transferring any funds and never settle for funding recommendation from somebody you haven’t met.

Story continues under commercial

Learn extra:

Over $1 million lost in crypto scams in 2021: Guelph police

The investigation continues, nonetheless, police stated cryptocurrency transactions usually are not reversible and are very troublesome to hint.




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