Mounties in Surrey are warning the public to be mindful of investment scams after dozens of incidents have been recorded since the start of the year totalling more than half a million dollars in loss.
In a news release Monday, the Surrey RCMP said it’s recorded 59 incidents of fraud involving cryptocurrency since January, totalling a loss of $612,748.
Of those fraud incidents involving some sort of cryptocurrency, 25 of the 59 were CRA and police scams, Mounties said. Those usually involve someone passing themselves off as a person in authority like a police officer, financial institution or government agency.
But the most significant financial losses have come from cryptocurrency investment scams, leading to $375,000 being lost by victims.
Mounties say those scams often involve the victim willingly transferring money to a stranger online for the purpose of buying cryptocurrency. In the end, those transactions turned…