Skip to main content

Over $180K lost to scam after Guelph man ignores bank's warning

(Terry Kelly / CTV Kitchener) (Terry Kelly / CTV Kitchener)

A Guelph man is out more than $180,000 from Bitcoin scams, even after being warned by his bank.

The man in his 60’s reported the fraud to police on Friday. He told them he first responded to an online ad in November from a supposed Bitcoin investment firm.

Since then, he sent them over $34,000 in e-transfers and $151,000 in wire transfers.

The man told police his bank warned him he was being scammed, but he didn't believe them and insisted on making the transfers.

He only became suspicious when he was asked to send another $60,000 to cover administrative fees. Top Stories


BUDGET 2024 Feds cutting 5,000 public service jobs, looking to turn underused buildings into housing

Five thousand public service jobs will be cut over the next four years, while underused federal office buildings, Canada Post properties and the National Defence Medical Centre in Ottawa could be turned into new housing units, as the federal government looks to find billions of dollars in savings and boost the country's housing portfolio.

Lululemon unveils first summer kit for Canada's Olympic and Paralympic teams

Lululemon showed off its collection for the Summer Olympics and Paralympics on Tuesday at the Liberty Grand entertainment complex. Athletes sported a variety of selections during a fashion show that featured garments to be worn on the podium, during opening and closing ceremonies, media interviews and daily life on the ground in France.

Stay Connected