A woman from Guelph has been scammed out of approximately $220,000 after being convinced to invest in Bitcoin by a fraudulent company. The victim, in her 60s, was deceived into making large transfers under the belief she would receive substantial returns. This scam highlights the increasing risk of cryptocurrency fraud targeting vulnerable individuals seeking new investment opportunities.
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The scam occurred over an unspecified period within 2024. The victim, who had lost her job earlier in the year, was looking for new investment opportunities online. She was contacted by a company claiming to specialize in Bitcoin investments and followed their instructions to deposit large sums into an online account. The fraud was discovered when her bank noticed suspicious large transfers and advised her to report the matter to the police.
A Guelph woman, in her 60s, lost approximately $220,000 to a Bitcoin scam after being contacted by a company claiming to specialize in cryptocurrency investments. After losing her job earlier in the year, she was seeking new investment opportunities and was convinced to deposit money into an online account. The victim took out high-interest loans and used inheritance funds, believing she would receive substantial Bitcoin payouts. The fraud was discovered when her bank noticed large transfers and advised her to contact the police. This incident underscores the need for increased vigilance and regulatory measures to protect individuals from cryptocurrency scams.
| Entity | Related Search Terms |
|---|---|
| Guelph woman | Guelph, Bitcoin scam victim |
| Fraudulent company | Bitcoin scam, fraudulent investment |
| Male representative | scammer, fraudulent Bitcoin agent |
| High-interest loans | financial loss, Bitcoin investment |
| Family inheritance | inheritance scam, financial fraud |
| Bank representative | bank intervention, fraud detection |
