Cryptocurrency investment scam warning after £150k handed over to fraudsters

in /by

A person in their 60s has been conned into handing over £150,000 in a cryptocurrency scam, police have said.

Gloucestershire Police have repeated warnings about the dangers of these types of crimes. 

Staff at a bank in Cheltenham contacted police on Thursday after someone wanted to transfer a large amount of money to a suspected fraudulent account.

It transpired that several transactions had been made as the person believed they were investing in cryptocurrency. 

The transactions totalled more than £150,000 over a number of months.

Police have warned people to remain vigilant when making investments and said it is possible to be “lured into scams” by social media posts or online adverts. 

In this case, the fraudsters used WhatsApp to communicate with the victim.

Read the full article on the BBC website.

https://www.bbc.co.uk/news/uk-england-gloucestershire-66273425

Article is © 2023 BBC