Mounties in Coquitlam are out with a warning after receiving multiple reports of a cryptocurrency scam last month.
In a news release, the detachment described the fraud and said victims in the city have already lost thousands of dollars. In an email to CTV News, police said they received two reports in a single week, with the amounts lost ranging between $10,000 and $25,000.
In each case, according to authorities, the scheme started with a phone call from someone posing as the manager of their bank. The victims were told their accounts had been "compromised" and told to withdraw their money and deposit it into a cryptocurrency machine as bait.
"A bank will never instruct you to withdraw money to convert it into cryptocurrency in any circumstance," said spokesperson Cpl. Alexa Hodgins.
"These tech-savvy fraudsters are sending their victims to cryptocurrency ATMs to make the transactions. The fraudsters stay on the phone to guide the victim’s through the process."
Hodgins also encourages anyone who has been a victim of this or any other scam not to be ashamed, and to report to their local police department.
"These types of frauds play on the victim’s emotions, and have nothing to do with the victim’s intelligence," she said.
More information form the BC RCMP on common Bitcoin scams can be found online.
Toronto police are investigating after a group of up to 10 teen girls allegedly assaulted several people at several TTC subway stations last month.
Jeff Beck, a guitar virtuoso who pushed the boundaries of blues, jazz and rock 'n' roll, influencing generations of shredders along the way and becoming known as the guitar player's guitar player, has died. He was 78.
The Girl Guides of Canada has renamed its Brownies branch the 'Embers.' The organization says the previous name dissuaded some racialized girls and women from joining the outdoor adventure and activity group.
Air Canada and WestJet encouraged travellers headed to or from the U.S. to check their flights before going to the airport after a key computer outage at the U.S. Federal Aviation Administration caused delays.
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Penguin Random House announced Wednesday that first day sales for the Harry's tell-all memoir topped 1.4 million copies, a record pace for non-fiction from a company.
The United States Consumer Products Safety Commission appeared at one point to consider a ban on gas stoves due to health and respiratory concerns. Here is what’s known so far about the risks associated with gas stoves and the possibility of a ban.
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A short-lived luxury ferry between Victoria and Vancouver has been sold to a Mexican company and was being loaded for transport in Victoria on Tuesday.
Bob Donoghue has a difficult time choosing a favourite photo of his son growing up.
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Windsor Park residents are worried a proposed five-storey apartment building will irrevocably change their quiet neighbourhood.
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Toronto police are investigating after a group of up to 10 teen girls allegedly assaulted several people at several TTC subway stations last month.
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Quebec cross-country skier Caroline Côté has achieved her goal: she has broken the world record for reaching the South Pole unassisted in the fastest time.
A Manitoba woman said she feared for her life and wants to see safety improved on Winnipeg Transit after she said she was threatened on the bus on Tuesday.
An apartment complex slated to open next year in Winnipeg is to provide First Nations students who have moved off reserve an affordable place to live while they pursue a post-secondary education.
Manitobans may see some tax relief, financial help with inflation and money for addiction treatment before the provincial election slated for Oct. 3. What they are unlikely to see is any more movement by the province in its dispute with the federal government over carbon pricing.
The Bedford Road Invitational Tournament (BRIT) is back for it’s 53rd year, after the pandemic forced it into a two-year hiatus.
A Saskatoon woman who was scammed for $1,450 while trying to rent a basement suite in November has gotten her money back, thanks to the generosity of someone she's never met.
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Environment Canada issued a special weather statement for the province of New Brunswick early Wednesday morning.
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Eight-year-old Nihal Toor of Virginia was visiting family in the London in July of 2020 when the car she was in was struck by an impaired driver
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Conservative Party Leader Pierre Poilievre spent the day in Timmins on Wednesday.
A Cambridge man who pleaded guilty in a crash that killed his former partner with whom he had two children has been granted day parole, despite pleas from the victim’s family to deny the request.
Grand River Hospital in Kitchener says a new record has been broken when it comes to the number of individuals treated in a single day in the emergency department.
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