Huron OPP are currently investigating a recent fraud report in Huron East, resulting in a total loss of $100,000.
On September 14th, a resident of Huron East called Huron OPP, reporting an internet investment scam that took place between July and September of this year.
According to the victim, an unknown individual initially contacted them via text message and referred them to a cryptocurrency investment website.
The victim invested $500 initially and was promised profits on their investment.
They decided to invest an additional $100,000.
The victim transferred their Canadian currency to an internet service that converted it into cryptocurrency.
The fraudsters then “froze” the investment and cut off all communication with the victim.
Realizing they had fallen victim to a scam, the victim contacted the police.
The investigation is currently ongoing.
In 2022, fraud reports to the Canadian Anti-Fraud Centre (CAFC) amounted to an alarming $530 million in victim losses, marking a nearly 40% increase from the unprecedented $380 million in losses reported in 2021.
It is estimated that only 5-10% of scam and fraud victims report their cases to the CAFC or law enforcement.
To protect yourself:
- Avoid sharing personal information like your name, address, date of birth, Social Insurance Number, or banking credentials.
- Do not accept friend requests from individuals you do not know.
- Refrain from investing your money through platforms introduced by unfamiliar individuals.
- Be cautious about sharing images, as suspects may use explicit pictures to extort victims into sending more money.
- Protect your online accounts with strong, unique passwords.
- Obtain multiple quotes for home repair work and never feel pressured to make hasty decisions.
- Never send money to someone you have not met in person.
- Do not respond to text messages from unfamiliar phone numbers.
By following these guidelines, you can reduce the risk of falling victim to online scams and fraud.
Written by: K. Milhomens
