Stratford Police warning public about scams following $348K loss by complainant

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The Stratford Police Service says a complainant is out $348,000 after a case of fraud involving Bitcoin.

In a release, the service says it was made aware of someone in September of 2020 that said they were dealing with individuals over the phone and online who were allegedly working in locations around the world.

When a withdrawal was requested, the complainant was advised that a deposit up front would be required, and also began receiving threatening emails demanding their personal information.

It is now suspected that the entire transaction was fraudulent from the beginning.

Stratford Police say they are attempting to help the individual, but are warning the public against investing with unknown companies over the internet, and specifically “companies that deal in Bitcoin”.