Police are reminding residents to be cautious when dealing with people online after a local man reportedly lost more than $110,000 in a cryptocurrency scam.
The 40-year-old called police Saturday morning. In July, he had observed a Facebook advertisement for a cryptocurrency investment firm, clicked on the ad and provided his contact information. He spoke to a male on the phone and paid $350 to set up an account with the supposed investment firm.
Over the next five weeks he deposited $112,000 into the account, however in early September realized it was showing a balance of zero. He received an email advising the money could be recovered if he deposited an additional $25,000. He declined and contacted police.
Residents are encouraged to be wary of any online communication which requires you to take immediate action. It is always best to independently contact the supposed sender and confirm the legitimacy of the correspondence before acting.
