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Haldimand County resident loses $140K to cryptocurrency scam

Haldimand OPP received reports of a scam after a resident was defrauded around $140,000 to a cryptocurrency investment scam.

Between January and March of 2023, police say the victim invested around $140,000. When the victim requested their funds, they were asked to pay more money for them to get their original investment return.

Investigators determined that the victim responded to an online ad from a social media platform for an investment opportunity promising great returns on funds initially invested.

READ MORE: Police arrest man who stole money from Burlington retirement home resident

March is fraud prevention month and OPP are asking residents to continue watching out for scams.

Police are asking anyone that is considering an online investment to be absolutely sure who is being dealt with because once cryptocurrency is transferred, it’s gone.

Anyone with information regarding this incident is asked to contact police at 1-888-310-1122.

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