Skip to main content

Bluewater resident defrauded out of $90K in crypto scam: Huron County OPP

An OPP graphic that says "Scam Alert." (Source: OPP West Region/Twitter) An OPP graphic that says "Scam Alert." (Source: OPP West Region/Twitter)
Share

A Huron County resident is out $90,000 after they invested in what they thought was a legitimate cryptocurrency opportunity, OPP said.

According to a tweet from West Region OPP, Huron County OPP are investigating after a Bluewater, Ont. resident was scammed out of approximately $90,000 after believing they were investing in cryptocurrency.

Police urge the public to never provide any banking information over the phone.

According to a tweet from the Canadian Anti-Fraud Centre, crypto investment scams typically involve victims downloading a trading platform and transferring crypto into their trading account.

Most victims are then unable to withdraw funds.

In addition, fraudsters falsely promise victims a high rate of return on their investments in a short amount of time. Instead, the victim loses their investment and at times their personal and financial information. 

The Canadian Anti-Fraud Centre recommends, “Before investing, always do the research.” 

CTVNews.ca Top Stories

Barron Trump declines to serve as an RNC delegate

Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.

Stay Connected