Police offer tips to protect against cryptocurrency fraud – BradfordToday

Police offer tips to protect against cryptocurrency fraud – BradfordToday

Blockchain Crypto Market Technology
May 7, 2022 by Coinvasity
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Sign inJoin now, it's FREE!NEWS RELEASE ONTARIO PROVINCIAL POLICE ************************* The Ontario Provincial Police (OPP) Anti-Rackets Branch and Serious Fraud Office Ontario, in concert with the Canadian Anti-Fraud Centre (CAFC) have provided another awareness newsletter in this ongoing Fraud Prevention campaign.This campaign started in March to inform and educate the public on the importance of
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NEWS RELEASE
ONTARIO PROVINCIAL POLICE
*************************
The Ontario Provincial Police (OPP) Anti-Rackets Branch and Serious Fraud Office Ontario, in concert with the Canadian Anti-Fraud Centre (CAFC) have provided another awareness newsletter in this ongoing Fraud Prevention campaign.
This campaign started in March to inform and educate the public on the importance of protecting yourself from being a victim of fraud. This year’s theme is impersonation, and focuses on scams where fraudsters will claim to be government officials, critical infrastructure companies, and even law enforcement officials.
The Canadian Anti-Fraud Centre will be sharing advice through its website, Facebook and Twitter pages.
On March 17, the CAFC and Winnipeg Police Service were able to recover a $17,000 fraudulent Bitcoin transfer associated to a crypto investment scam. This recovery is an example of how important it is to report to both CAFC and local police.
Investment scams were the highest reported scams based on dollar loss in 2021 for which victims reported losses of $163.9 million to CAFC. In most of these cases, the investment opportunities offer higher-than-normal, or true monetary, returns, which often result in investors losing most, or all, of their money.
Anyone who suspects they have been the victim of cybercrime or fraud should report it to their local police and to the CAFC’s online reporting system or by phone at 1-888-495-8501. If not a victim, you should still report the incident to the CAFC.
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