A warning poster on a Bitcoin ATM helped forestall a person from dropping $90,000 in life financial savings earlier this month, say Purple Deer RCMP.
In response to police, fraudsters contacted the person by cellphone pretending to be from the CRA and RCMP.
The scammers informed the person he had been a sufferer of id theft and his identify was now linked to a money-laundering scheme.
Police say the con males informed the potential sufferer that he would wish to deposit his cash right into a Bitcoin account with a view to shield it.
However police say the Bitcoin account was truly managed by the fraudsters.
The person went to the ATM, as instructed by the phone-scammers. Because of a warning signal posted on the ATM, in addition to the intervention of an worker of the enterprise the place the ATM was situated, the person held on to his cash, police say.
“No government agency, the RCMP, nor any reputable business will ever call you and demand a payment through Bitcoin for any reason,” stated RCMP Const. Andrew Devine in a information launch.
“These are not small crimes; people are losing their life savings to these scams,” he stated.
Bitcoin is a type of cryptocurrency that isn’t issued or assured by any bank or authorities and isn’t thought-about authorized tender in Canada.
RCMP have began posting indicators on Bitcoin ATMs throughout Alberta, warning customers of the potential for fraud.
“The more awareness we can spread about the risks associated with using Bitcoins, the better,” stated Cst. Devine.
“In this particular case, the gentleman was just seconds away from losing his life savings. Fortunately, the warning poster and the business employee intervened and prevented the irreversible transaction.”
The Authorities of Canada’s Anti-Fraud Centre offers info to the general public on previous and present scams affecting Canadians.