Crypto fraud victim scammed out of $120K: St. Thomas police
St. Thomas police are investigating a crypto currency scam, which they said defrauded a local resident of $120,000.
Police said the victim had believed they were investing with a legitimate crypto exchange website.
The victim transferred multiple sums of money through a person police said was posing as a broker back in April. Over the course of four months, the victim believed their investments were growing.
However, when the victim tried to withdraw their profits earlier in August, police said they were unable to do so.
“Do your research,” said St. Thomas Police Service Communications Officer Samantha Wakefield. “Even if the company appears to be a trusted source, dig deeper.”
Wakefield said crypto scams tend to include higher sums of money than other types of fraud, and victims’ personal information and data could also be at risk.
“Check with the Canadian Fraud Agency to ensure and verify that the company you want to deal with is legit,” Wakefield said.
CTVNews.ca Top Stories
NEW She developed a passion for genealogy while finding her roots. Now she helps others find their own
Lauren Robilliard always knew she was adopted. As the B.C. native grew older, she developed a passion for genealogy, tracing her roots and paving the way for a career to help others find their own.
Papua New Guinea says landslide buried more than 2,000 people
A Papua New Guinea government official has told the United Nations more than 2,000 people were believed to have been buried alive by Friday's landslide and has formally asked for international help.
NEW A cross-country look at beer and wine in convenience stores
By Labour Day weekend, Ontarians of legal drinking age could snag a six-pack at their local convenience store on the way to the cottage. But what are alcohol sales like across the country? Here's what we know.
The dreams of a 60-year-old beauty contestant come to an abrupt end in Argentina
A 60-year-old woman saw her dreams of becoming the oldest Miss Universe contestant in history melt away in a haze of sequins and selfies Saturday at Argentina’s annual beauty pageant.
Are you a loud snorer? You could have sleep apnea
You'll have a lot more energy throughout the day if you get a good night's sleep, but not everyone does due to a medical condition.
'We were vetted': Sex-ed organization 'disappointed' over Higgs' comments
The head of a Quebec-based sexual and reproductive health organization says she's disappointed New Brunswick Premier Blaine Higgs has deemed presentations she did in the province last week inappropriate.
Cyclone floods coastal villages, blows away thatched roofs and cuts power in Bangladesh and India
A cyclone flooded coastal villages, blew away thatched roofs and left hundreds of thousands of people without power Monday in southern Bangladesh and eastern India. At least seven deaths were reported.
This type of screen time has the worst effect on kids: experts
According to some experts, there is one type of screen time that is continuously excessive, and it's having a severe effect on our children.
DEVELOPING Indigo Books & Music shareholders to vote on privatization sale
Indigo Books & Music Inc. shareholders are expected to vote this morning on whether the retailer should accept a sweetened offer from a holding company that plans to take the bookstore chain private.