Guelph woman loses almost $10K to cryptocurrency scam
The woman told Guelph Police she received a text from someone claiming to represent an investment company. That was followed by a WhatsApp message with a link to the company's website.
The woman did some initial research on the site before deciding to make small investments.
'When those appeared to yield returns, she deposited $2,500 into an online cryptocurrency account and then, a day later, deposited another $7,000,' Guelph Police said in a release.
She then requested a withdrawal.
A 'representative' of the company allegedly told the woman she would have to deposit another $25,000 to free up the funds.
'The woman described the company's tactics as manipulative and trying to force her to make decisions quickly without time to think,' said police.
Victims are urged to report scams through the Canadian Anti-Fraud Centre's website or by phone at 1-888-495-8501, even if there has been no financial loss.
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Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. 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