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Guelph Senior Scammed Out of $220,000

Residents are again reminded to be careful when dealing with strangers online after a Guelph woman was scammed out of approximately $220,000.

Earlier this year the victim in her 60s began looking at online employment opportunities after losing her job. She contacted a company which purported to specialize in Bitcoin investing and was contacted by a male who instructed her how to deposit money into and between online accounts.

The victim took out high-interest loans and used proceeds from a family inheritance as she believed she was close to receiving a large payout from the Bitcoin investments.

On Wednesday she was contacted by her bank, concerned about the large number of transfers from her account. When she explained what she had been doing she was advised to contact police.

The Guelph Police Service strongly urges residents to be cautious when dealing with people they don’t know online. Money deposited into cryptocurrency accounts is nearly impossible to trace and recover.

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