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The Killaloe detachment of the Ontario Provincial Police says it has launched a fraud investigation after a large sum a couple spent on cryptocurrency from a purportedly reputable investment company allegedly vanished.
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When the couple asked for their investment gains, the company provided “multiple excuses” but no money back, the detachment said Monday.
The couple lost more than $370,000 in the alleged scam, police said.
“Cryptocurrency scams and fraud attempt to steal your money, and your personal and financial information,” police said.
“Fraudsters will offer you cryptocurrency buy-ins promising a high rate of return and in a short amount of time. Instead, the victim will lose their investment, and sometimes their personal and financial information.”
Check with a reputable accredited financial advisor or financial institution before investing for accurate information and advice, police said, suggesting people visit the Canadian Anti-Fraud Centre online or call 1-888-495-8501 for more.
