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B.C. senior defrauded of $7.5 million in sophisticated cryptocurrency scam

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globalnews.ca

It’s a potent reminder of just how persuasive, persistent and sophisticated scammers have become. Burnaby RCMP issued a warning Thursday, after a local senior was defrauded out of more than $7.5 million in what police say is among the largest scams the detachment has ever investigated.

According to police, the scammers used a double-barrelled approach, targeting the victim with an initial cryptocurrency fraud — then returning to prey on the senior again by posing as someone who could help her get her money back. “Fraudsters are often changing tactics.

In this case it appears they were able to tailor the scam to target this victim in particular using information about her career and business history to first build trust and friendship,” said Cpl.

Philip Ho with Burnaby RCMP’s Economic Crime Unit in a media release. “These scammers went to great lengths over many months to defraud this senior and convince her these were legitimate investments.

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