January 21, 2025

South Bruce OPP warn residents of Cryptocurrency Investment Scams

The South Bruce Ontario Provincial Police (OPP) are warning residents about cryptocurrency investment frauds after local incidents over the past few months.

Since October 2024, South Bruce OPP have received several reports of residents falling victim to scams involving cryptocurrency, amounting to over $190,000 of lost funds.

The majority of investment scam reports involve residents deciding to invest in cryptocurrency after seeing deceptive advertisements through social media platforms. Victims funnel their money through illegitimate cryptocurrency investment firms, then are unable to retrieve their money.

The South Bruce OPP are urging residents to be very cautious with these type of investments. Do your research into the various investment firms before sending any money and consider speaking with your financial institution or the Canadian Anti-Fraud Centre (CAFC) to avoid falling victim to this increasing trend we have been seeing.

The South Bruce OPP is requesting anyone with information to call 1-888-310-1122. Should you wish to remain anonymous, call Crime Stoppers at 1-800-222-8477 (TIPS) or submit a secure web-tip at www.cstip.ca, where you may be eligible to receive a cash reward of up to $2000.

 

---

At South Grey News, we endeavour to bring you truthful and factual, up-to-date local community news in a quick and easy-to-digest format that’s free of political bias. We believe this service is more important today than ever before, as social media has given rise to misinformation, largely unchecked by big corporations who put profits ahead of their responsibilities.

South Grey News does not have the resources of a big corporation. We are a small, locally owned-and-operated organization. Research, analysis and physical attendance at public meetings and community events requires considerable effort. But contributions from readers and advertisers, however big or small, go a long way to helping us deliver positive, open and honest journalism for this community.

Please consider supporting South Grey News with a donation in lieu of a subscription fee and let us know that our efforts are appreciated. Thank you.