A Cork man has been scammed out of €20,000 after investing in what he thought was Bitcoin.

Gardai are investigating the investment fraud incident that was reported after the injured party was scammed out of a huge amount of money.

Gardai confirmed to CorkBeo that they are investigating the incident and no arrests have been made yet.

The force says it has seen a 120% rise in the number of investment fraud cases being reported since the start of the Covid-19 pandemic.

Gardai are appealing to the public to be aware of the nature of these scams and to resist the temptation to ‘click’ on inviting offers.

Crypto-currency Bitcoin.

Many people online are responding to pop-up adds, following advice received via social media or they seek out investment advice on the internet and follow links to company sites which appear to be professional.

Quite often these fraudulent sites are hosted well beyond the EU or are…

Read more…