Public Safety Alert,
Cryptocurrency Investment Fraud
Broadcast time: 15:15
Date: Thursday, April 15, 2021
Unit: 51 Division
Case #: 2021-406455
The Toronto Police Service is advising the public of an ongoing investment scam.
It is reported:
- the victim meets the suspect through social media or a dating app
- the suspect poses as an attractive woman
- the conversation commences will with small talk, and eventually leads the suspect explaining how they have recently become successful in investing in cryptocurrencies
- this conversation occurs over a few days
- the suspect provides the victim with a website which appears to look like a legitimate cryptocurrency exchange
- the victim is encouraged to make a deposit
- the victim's deposit balance is manipulated to appear as if their investment has gained a substantial amount
- the victim is encouraged to deposit more money
- the victim attempts to withdraw the money when the website "support" team informs them that they need to pay a substantial amount in taxes due to the withdrawal of the funds
- if the victim makes these payments, the "support" team brings up additional expenses that are required in order to release the money
- the money is never returned
- in rare cases, a small quantity of money is released in the first instance to make the victim believe that the exchange is legitimate. This is a ploy to have them continue with deposits
Anyone with information in relation to this fraud is asked to contact Detective Constable Elliott Lee at 416-808-5179 or firstname.lastname@example.org
Anyone with information is asked to contact police at 416-808-5100, Crime Stoppers anonymously at 416-222-TIPS (8477), online at www.222tips.com, online on our Facebook Leave a Tip page, or text TOR and your message to CRIMES (274637). Download the free Crime Stoppers Mobile App on iTunes or Google Play.
For more news, visit TPSnews.ca.
Constable Jenifferjit Sidhu, Corporate Communications, for Detective Constable Elliott Lee, 51 Division