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The following is a message from The South Frontenac Detachment of the Ontario Provincial Police (OPP) regarding an increase in reports of scams related to investing in cryptocurrency in the area:
The South Frontenac Detachment of the Ontario Provincial Police (OPP) has seen a steady increase in reports of scams related to investing in cryptocurrency.
These scams involve fraudsters setting up a fake cryptocurrency investment company. These companies usually have a very convincing online presence with a professional-looking website, social media accounts and reviews and testimonials by “satisfied customers”. Once they lure potential victims they will use high-pressure sales tactics to convince the victims to invest ever-increasing amounts of money.
Here are some tips to avoid falling victim to cryptocurrency investment fraud:
- Be suspicious of any investment that promises abnormally high returns…
