Guelph resident loses $97K to cryptocurrency scam
Police say a resident in Guelph has lost $97,000 in an online cryptocurrency scheme.
According to a media release, they invested in stocks with a company that claimed to be operating out of the United Kingdom.
Then, after a several months, they were told to move their funds into a cryptocurrency exchange.
Police said the victim then paid $20,000 to take the money out of that account.
When the scammers requested another $7,000 as a penalty payment for removing the investment, the victim reported the scheme to Guelph Police.
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