Cryptocurrency scams net $163.9M from Canadians in 2021: CAFC

Cryptocurrency scams net $163.9M from Canadians in 2021: CAFC

'Significant financial losses' reported in cryptocurrency scams: police 'Significant financial losses' reported in cryptocurrency scams: police Police urge residents to beware of cryptocurrency scams after two Simcoe County men "suffered significant financial losses" after meeting individuals online who convinced them to invest. South Simcoe Police say these scams promise a speedy and "incredible financial return" on an investment. In 2021, victims lost $163.9 million to investment scams, according to the Canadian Anti-Fraud Centre (CAFC). Police say in most cases, the investment opportunities seem too good to be true, with next to no risk. The fraud centre says red flags include: - Investment opportunities with higher than normal returns - Investment offers made by unsolicited calls, email or on social media - Urgency in a message, i.e., 'Don't miss out!' - …
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