Mounties have shut down several intricate digital currency scams which have been targeting inexperienced investors in an ongoing game of cat-and-mouse..Criminals have been reaching the novice investors through social media ad campaigns promising immediately high returns on investment, luring the rookie investor to contact the platform as a result of tempting offers. Once the bait is grasped, a “company representative” convinces the individual to invest in cryptocurrency through a third-party investment platform or app giving scammers access to their account..RCMP says most of the novice investors sensed the promise of immediate returns were too good to be true, however they took the bait anyways due to persistent calls from the company representative encouraging them to invest, and, as a result of seeing their profits grow on the platform they opted to continue. However the victims eventually came to realize their savings were being transferred into a fraudulent account, or defrauded through the app’s access to their online wallet..A number of the victims have reached out to the BC RCMP’s Federal Policing Cybercrime Operations Group in recent months regarding the “cryptocurrency investment consultants” who ripped them off..Following the complaints from BC residents, RCMP “aggressively pursued” the scammers before dismantling eight websites..“While law enforcement agencies adapt and navigate through the often uncharted and unregulated territory of combating cybercrime, prevention continues to be the most important first course of action,” said superintendent Bert Ferreira, officer in charge of Federal Serious & Organized Crime-Border Integrity program in BC..No arrests were made and the culprits will likely re-emerge with a different platform, however the RCMP continues to investigate the criminal virtual networks..Digital currency scams topped the 2021 list for the Better Business Bureau’s top 10 riskiest scams in Canada.. Screen-Shot-2022-03-08-at-1.22.17-PM .Reid Small is a BC-based reporter for the Western Standard.,rsmall@westernstandardonline.com,.Twitter.com/reidsmall
Mounties have shut down several intricate digital currency scams which have been targeting inexperienced investors in an ongoing game of cat-and-mouse..Criminals have been reaching the novice investors through social media ad campaigns promising immediately high returns on investment, luring the rookie investor to contact the platform as a result of tempting offers. Once the bait is grasped, a “company representative” convinces the individual to invest in cryptocurrency through a third-party investment platform or app giving scammers access to their account..RCMP says most of the novice investors sensed the promise of immediate returns were too good to be true, however they took the bait anyways due to persistent calls from the company representative encouraging them to invest, and, as a result of seeing their profits grow on the platform they opted to continue. However the victims eventually came to realize their savings were being transferred into a fraudulent account, or defrauded through the app’s access to their online wallet..A number of the victims have reached out to the BC RCMP’s Federal Policing Cybercrime Operations Group in recent months regarding the “cryptocurrency investment consultants” who ripped them off..Following the complaints from BC residents, RCMP “aggressively pursued” the scammers before dismantling eight websites..“While law enforcement agencies adapt and navigate through the often uncharted and unregulated territory of combating cybercrime, prevention continues to be the most important first course of action,” said superintendent Bert Ferreira, officer in charge of Federal Serious & Organized Crime-Border Integrity program in BC..No arrests were made and the culprits will likely re-emerge with a different platform, however the RCMP continues to investigate the criminal virtual networks..Digital currency scams topped the 2021 list for the Better Business Bureau’s top 10 riskiest scams in Canada.. Screen-Shot-2022-03-08-at-1.22.17-PM .Reid Small is a BC-based reporter for the Western Standard.,rsmall@westernstandardonline.com,.Twitter.com/reidsmall
