South Simcoe police are warning people of cryptocurrency investment scams after a Bradford, Ont., man lost money that he put into an online crypto trading company.
When the man created his account online, the company promised him “bonus” funds if he deposited more cash, police say. Read more: Ontario man returned to Canada to face charges in $56M debit terminal Ponzi scheme But when the man checked his account the next day, it was empty.
According to police, the company claimed to help the man recover his funds through successful investments, though he wasn’t able to withdraw the supposed earnings until he made $100,000.