Sarnia police are warning the public after one person was scammed out of $750,000.
The police were recently contacted by the victim who told them they believed they were investing in Bitcoin. The scammer lied to them claiming their investments had risen to $4.8 million.
"These investigations are inherently difficult to undertake due to the disappearing messaging apps used, as well as untraceable financial transactions which are preferred by scammers," read a release from Sarnia police
To help others from being scammed, they're sharing signs to look out for.
They include unsolicited messages on social media, being added to random social media groups with members sharing fake success stories, being told to invest now to take advantage, being asked for money upfront, being sent a fake investment platform and a dashboard that only shows profits, people trying to gain your trust before asking for money, poor grammar, and generic profile pictures.
People wanting to invest in things like Bitcoin should also avoid doing it over social media.
