Investment scams on the rise in the Okanagan

If it looks too good to be true, it probably is, Mounties are reminding Kelowna residents.

Police said they have recently received a number of fraud reports involving investment scams that have cost the victims a significant amount of financial loss.

According to RCMP, suspects will offer a victim an investment opportunity that has a great rate of return in a short period of time.

“These opportunities are often unsolicited and may appear to have some legitimacy but will not hold up to scrutiny,” RCMP said.

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Victim loses $650K to real estate scam

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“Examples of investment opportunities being used by the suspect(s) are: cryptocurrency, art, comic books, sports memorabilia and other such items.”

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The suspects are able to complete the fraudulent transactions by offering a unique investment opportunity and will provide…

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