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…