Medicine Hat are warning of a Cryptocurrency scam circulating around
The Medicine Hat Police are warning residents of an online investment or cryptocurrency scams.
According to the Medicine Hat Police, scammers are using social media ads, text messages, and fraudulent websites more frequently to promote high-return investment offers, which involve Bitcoin and other digital currencies.
While these schemes appear legitimate, using professional-looking material and fake testimonials, these schemes are designed to steal money and personal information.
To help protect yourself, the Medicine Hat Police recommend avoiding financial decisions based on online advertisements or unsolicited investment advice.
Instead, speak directly with a licensed financial adviser or banking institution before transferring any money, because once the money is sent through cryptocurrency platforms or wire transfers, it’s difficult or impossible to trace or recover.
Anyone who believes they have fallen victim to an online investment scam, report it to the Medicine Hat Police Service at 403-529-8481 or the Canadian Anti-Fraud Centre at www.antifraudcentre-centreantifraude.ca.
“Stay informed. Stay skeptical. Protect your money,” the Medicine Hat Police stated in a media release about the scams.
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