Calgary senior has fallen victim to a devastating cryptocurrency fraud

"A Calgary senior has fallen victim to a devastating cryptocurrency fraud, losing over $300,000 in the process.

Following a thorough investigation by the Calgary Police Service (CPS), a Quebec man has been charged with fraud and identity theft in connection with the incident. The charges mark a significant milestone in the effort to combat cryptocurrency fraud, which is on the rise in Canada.

The CPS is urging residents to remain vigilant and take necessary precautions to protect themselves from such scams, including being cautious of unsolicited investment opportunities and verifying the credentials of online platforms. As cryptocurrency fraud continues to evolve, it is essential for individuals and law enforcement agencies to work together to prevent these crimes and bring perpetrators to justice."