Aylmer, Ont. man defrauded of nearly $150K, police say
Coins bearing the Bitcoin logo are pictured in Krakow, Poland in this file photo. (Jakub Porzycki/NurPhoto/Getty Images/CNN)
Police in Aylmer, Ont. says a 60-year-old man is believed to be the victim of a Bitcoin fraud, after investing about $141,000.
The man reportedly set up an account with an investment company called SPX Markets, which claims to trade in cryptocurrencies, stocks and commodities, among other things.
Over the seven months between Jan. 2021 and July 2021, the man reportedly invested in $141,000 in cryptocurrency.
The investor became suspicious when two male suspects continued to pressure the victim to invest more money.
In Dec. 2021, the victim reportedly learned the investment was a scam and he reported the situation to Aylmer police last Tuesday.
Police say the address used for the initial investment has been traced to Europe and the investigation is ongoing.
Anyone with information is asked to call the Aylmer Police Service at 519-773-3146 or Crime Stoppers at 1-800-222-8477.
The public is being reminded that the popularity of Bitcoin has prompted various scams and investors should be cautious. Some precautions can be found here.
CTVNews.ca Top Stories
B.C. tenants evicted for landlord's use after refusing large rent increase to take over neighbouring suite
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
Mountain guide dies after falling into a crevasse in Banff National Park
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
Expert warns of food consumption habits amid rising prices
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
MPP Sarah Jama asked to leave Ontario legislature for wearing keffiyeh
MPP Sarah Jama was asked to leave the Legislative Assembly of Ontario by House Speaker Ted Arnott on Thursday for wearing a keffiyeh, a garment which has been banned at Queen’s Park.
Charlie Woods, son of Tiger, shoots 81 in U.S. Open qualifier
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
Ex-tabloid publisher testifies he scooped up possibly damaging tales to shield his old friend Trump
As Donald Trump was running for president in 2016, his old friend at the National Enquirer was scooping up potentially damaging stories about the candidate and paying out tens of thousands of dollars to keep them from the public eye.
Here's why provinces aren't following Saskatchewan's lead on the carbon tax home heating fight
After Prime Minister Justin Trudeau said the federal government would still send Canada Carbon Rebate cheques to Saskatchewan residents, despite Saskatchewan Premier Scott Moe's decision to stop collecting the carbon tax on natural gas or home heating, questions were raised about whether other provinces would follow suit. CTV News reached out across the country and here's what we found out.
Montreal actress calls Weinstein ruling 'discouraging' but not surprising
A Montreal actress, who has previously detailed incidents she had with disgraced Hollywood producer Harvey Weinstein, says a New York Court of Appeals decision overturning his 2020 rape conviction is 'discouraging' but not surprising.
Caleb Williams, Jayden Daniels and Drake Maye make it four NFL drafts with quarterbacks going 1-3
Caleb Williams is heading to the Windy City, aiming to become the franchise quarterback Chicago has sought for decades.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
