Investigators from 52 Division’s Fraud Unit are warning people that this old adage is still worth repeating: when something seems too good to be true, it usually is.
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Toronto police are alerting the public to an online cryptocurrency scam.
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Investigators from 52 Division’s Fraud Unit are warning people that this old adage is still worth repeating: when something seems too good to be true, it usually is.
According to a TPS release, scam victims get unsolicited messages while on the internet, and those messages offer cryptocurrency investments with high rates of return.
Anyone who bites is then asked to provide personal information, such as full name, phone number, email address, date of birth, etc.
What happens next is that you’re either contacted by a fake investment broker, who will set up an account on a fake website, or you’re directed to make a legitimate purchase from an established website — and then asked to transfer the funds into another (fake) website.
In either case, you’ll get official looking statements showing a healthy rate of return. You’ll be…
