Resident loses $108K in bitcoin scam: Central Hastings OPP

Central Hastings OPP are investigating a fraud involving bitcoin that they say cost an area resident more than $100,000.

Police say the victim contacted OPP on May 25 to report they had lost $108,000 after sending several electronic money transfers to an online bitcoin investment company that promised high returns on the investment.

The detachment serves Madoc, Marmora, Tweed, and Townships of Tudor-Cashel, Madoc and Stirling-Rawdon.

Police say the victim said the company had been mentioned several times online and therefore they believed it to be reputable.

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On Tuesday, OPP said the investigation is ongoing.

Police say you should always check with a reputable accredited financial advisor or your financial institution so you can get accurate information and advice about bitcoin or any investment opportunity.

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