15 Mar '17, 1pm

Canadian Police Issue Bitcoin Investment Scam Warning

Canadian Police Issue Bitcoin Investment Scam Warning

Regional police in Canada have issued a warning to local residents about fraudulent investment schemes involving bitcoin. In a statement , the Durham Regional Police Service, based out of Ontario, said that residents have reportedly been solicited about money-making pitches involving the digital currency that ultimately see them losing funds to the fraudsters. The police statement said: "Residents have reported being contacted by fraudsters after applying for jobs or responding to ads online involving a promise to make money. The fraudsters send cheques to the victims and ask them to use the money to purchase bitcoins – a virtual currency used globally." "[A]fter the victim uses their own money to purchase the bitcoins, the original cheque or e-transfer bounces," it explained. The digital currency is also reportedly being used as part of an income tax scam targeting Durham...

Full article: http://www.coindesk.com/canadian-police-issue-bitcoin-inv...

Tweets

Canadian Police Warns Public of Bitcoin Fraud S...

cryptocoinsnews.com 15 Mar '17, 6pm

Twitter Linkedin Facebook Reddit Weibo Canadian police in the municipality of Durham have issued a notice late last week w...

Shell Begins Divestment From Canadian Oil Sands

Shell Begins Divestment From Canadian Oil Sands

triplepundit.com 14 Mar '17, 8am

Shell workers dig a trench at the Athabasca oil sands development in Alberta, Canada, 2009. Last week Royal Dutch Shell ag...

@Cointelegraph

cointelegraph.com 16 Mar '17, 12pm

A drafter of China's General Provisions of Civil Law has likened Bitcoin to websites, calling both “virtual property.” Acc...

Millions Under Blizzard Warning: Is It Climate Connected?

Millions Under Blizzard Warning: Is It Climate ...

ecowatch.com 14 Mar '17, 2pm

Winter Storm Stella is headed to the Northeast and states from Maryland to Maine are expected to witness more than a foot ...