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Guelph Woman Loses Over $70K in Crypto Scam

Residents are warned to be cautious when investing online after a Guelph woman lost more than $70,000 in two different scams.

In October, the woman in her 60s called the Guelph Police Service to report losing approximately $57,000 after she began dealing with a supposed investment company she discovered through an online ad. These funds were transferred through an app she was instructed to download.


On Tuesday, the same complainant reported a further loss of $15,000. She had been contacted online by an individual who claimed he could help her recoup her earlier loss, and had downloaded another app which allowed that individual access to her bank account.

Residents are urged to be cautious when dealing with individuals online. Never share personal information or send payments to someone you do not know and be very wary about following instructions. If you feel uncomfortable, cease communication and contact a trusted family member or the Guelph Police Service for advice.

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