Cryptocurrency Scam Costs Parksville Resident $200K
A Parksville resident lost approximately $200,000 in a cryptocurrency scam after being referred by a friend who was also a victim of the fraud.
The resident was promised high returns by someone they believed to be part of a legitimate online financial investment group, according to the Oceanside RCMP.
- Started with a legitimate trading platform
- Communicated with the fraudster through a social media messaging app
- Initially invested $2,500 into a cryptocurrency fund
- Increased investment with numerous $10,000 increments, totaling $200,000
"When the portfolio 'value' increased to $35 million, the resident requested the trading platform transfer the $35 million to a personal account,"
Sgt. Shane Worth said, as reported by the PQB News.
Author's summary: A Parksville resident loses $200K to a cryptocurrency scam.