Investors Beware- Victim suffers ‘over $100,000’ in losses, Delta police say

A Delta man was scammed out of over $100,000 by another man who contacted him via email, claiming to be a lawyer representing a company that would buy the victim’s stock in the past few weeks. He then threatened that if the victim didn’t send in the cash, he would reveal their stock information online.

A man reported losing $100,000 worth of cryptocurrencies after he told bank employees he lost access to his account. A Delta police report says he told bank employees he lost access to his account after Delta police was called to the bank because of a suspicious activity report.

According to a press release from a Toronto-area police force, a woman is facing charges after allegedly being ripped off by a cryptocurrency investment scheme. The release from the Delta, Ontario Police Service states that a 68-year-old woman is facing charges of fraud over $5,000, and money laundering after allegedly being victimized by a cryptocurrency investment scheme.

Investors-Beware-Victim-suffers-over-100000-in-losses-Delta-police News about Bitcoin

It doesn’t take long to understand that bitcoin, the new digital currency, is risky. We’re not talking about market turbulence here. Scams exist on the internet, including those using bitcoin exchanges. Also, keep in mind that investing in startups and exchange platforms has the danger of losing your crypto holdings.

Experts suggest that digital bitcoin companies and startups prove that they are blockchain-based. As a result, they keep complete transaction data.

What if the business you’re planning to invest in isn’t even a real one?

Delta police are warning anyone thinking about investing in cryptocurrency to be careful after six recent scam cases.

According to a news statement from the Delta Police Department, the majority of the complaints occurred in August. Also, according to authorities, the six files provided to them have a lot of similarities. The majority of the time, the con artists met their victims online via dating sites or chat apps.

According to Delta police,

“When victims attempted to withdraw their ‘profits’ or investments, the money was either gone or they were told they would have to pay significant extra fees to get their money back.”

Before you proceed, take your time.

Police urge prospective investors to Google the Investment Company’s name or website to see whether anybody else has been a victim of a similar scam. Investors should also avoid taking advice from strangers on the internet, according to the police.

For trustworthy information, Delta police encourage investors to visit the websites of the BC Securities Commission and the Canadian Securities Administrators.

Scammers often launch phony initial coin offerings (ICOs) in order to steal huge amounts of money. As a result, you should avoid becoming a victim of phishing emails and websites. However, take your time and examine the details.

To mine or steal bitcoin, some Internet users utilize unprotected computer equipment. Learn more about staying secure and protecting yourself before investing in bitcoin.

The victim of a recent crime says he lost over $100,000 worth of cryptocurrency. The victim reported the crime to police who say he lost close to $100,000 in cryptocurrency. The victim’s case is currently under investigation.. Read more about https www cnbc com video 2024 01 18 trump issues flurry of last minute policy changes html and let us know what you think.

  • bloomberg
  • the new york times
  • the economist
  • wall street journal
  • cnbc live