More than half-a-million dollars lost to fraud in Surrey since January

Surrey

2021-05-10 09:03 PDT

Surrey RCMP is reminding the public to be aware of investment scams after a persistent number of reports throughout 2021.

Since January 2021, Surrey RCMP have received 59 reports of fraud involving crypto currency totaling approximately $612,748 lost by unsuspecting victims.

The most commonly reported fraud still remains CRA / Police scams which accounted for 25 of the total reports. The scams usually involve fraudsters attempting to pass themselves off as someone in authority. They may impersonate a police officer or an employee of a business, financial institution or government agency such as the CRA.

The most significant financial losses have resulted from scams related cryptocurrency investments and linked accounts being compromised which totaled $375,200.

A number of the frauds related to Cryptocurrency investments involved victims that willingly transferring funds to unverified sources for the purpose of purchasing Cryptocurrency, most commonly Bitcoin. On multiple occasions victims have interacted with strangers online who suggested the victim download an application to purchase Bitcoin which is later determined to be fraudulent.

Your best defense against becoming a victim is knowledge and awareness. If you choose to purchase any kind of Cryptocurrency, ensure that you use a major trading platform or online exchange. Be aware that Cryptocurrencies are not insured and if your money is stolen, you will not be reimbursed, says Cst. Brad Charpentier of Economic Cybercrime Section.

This is a reminder for everyone to be vigilant, don’t provide your personal information to people who call, email or text you. Use strong passwords and security questions on your email and all online accounts.

Signs of a scam

Whether you made a payment or not, report scams to the Canadian Anti-Fraud Centre at 1-888-495-8501 or www.antifraudcentre.ca.

Anyone with more information is asked to contact the Surrey RCMP at 604-599-0502. If you wish to make an anonymous report please contact Crime Stoppers at 1-800-222-TIPS or www.solvecrime.ca.

Released by

Cpl. Vanessa Munn

Media Relations Officer
Surrey RCMP
www.surreyrcmp.ca
14355 57 Avenue, Surrey, BC, V3X 1A9
Office: 604-599-7776

Email: surrey_media_relations@rcmp-grc.gc.ca

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