‘It pretty much ruined my life’: Cryptocurrency scam costs Canadian man $500,000

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‘It pretty much ruined my life’: Cryptocurrency scam costs Canadian man $500,000
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The Better Business Bureau (BBB) is out with its top 10 scams of 2024 and in first place is investment and cryptocurrency scams. According to the Canadian Anti-Fraud Centre, investment fraud represented about $310 million in losses in 2024.

The Better Business Bureau says people are losing thousands of dollars by clicking fake videos on social media. Pat Foran reports for Consumer Alert.and in first place is investment and cryptocurrency scams.

According to the BBB, at least 45 per cent of investment scams involve cryptocurrency and the top platforms where victims were introduced to the fraud are Facebook , Instagram , WhatsApp , and TikTok Tschetter said he is working with United States Homeland Security officials to try and track down stolen funds and is hopeful he may be able to get back a portion of Lauzon’s money back.

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