SURREY RCMP are reminding the public to be aware of investment scams after a persistent number of reports throughout this year.

Since January, Surrey RCMP have received 59 reports of fraud involving crypto currency totaling approximately $612,748 lost by unsuspecting victims.

The most commonly reported fraud still remains Canada Revenue Agency (CRA) / police scams which accounted for 25 of the total reports. The scams usually involve fraudsters attempting to pass themselves off as someone in authority. They may impersonate a police officer or an employee of a business, financial institution or government agency such as the CRA.

The most significant financial losses, totalling $375,200, have resulted from scams related to cryptocurrency investments and linked accounts being compromised.

A number of the frauds related to cryptocurrency investments involved victims that willingly transfered funds to…

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