Cryptocurrency Scam Costs B.C. Resident $200K
A resident of Parksville, B.C. lost approximately $200,000 in a cryptocurrency scam after investing on the referral of a friend who was also a victim.
The resident was promised huge returns by someone they thought was part of a legitimate online financial investment group, according to Oceanside RCMP.
- Started with a legitimate trading platform
- Communicated with a fraudster through a social media messaging app
- Initially invested $2,500 into a cryptocurrency fund
- Increased investment with numerous $10,000 increments, totaling approximately $200,000
"When the portfolio 'value' increased to $35 million, the resident requested the trading platform transfer the $35 million to a personal account,"
Sgt. Shane Worth told the PQB News.
Author's summary: A B.C. resident loses $200,000 in a cryptocurrency scam.