This year records the highest number of cases of crypto scams all over the planet. The New Zealand police department has issued a warning to the public about online fraudulent activities after an investor was duped out of $213,000. The general public must stay cautious for the scams involving online investment schemes that offer unexpected heightened returns through cryptocurrencies.
The Canterbury police department has suggested the public to remain alert and should not abruptly share private information over the Internet. Although the cops did not disclose specific details of the scams and its operators, it elaborated in a generalized way to stay careful from those companies which offer lucrative returns against small investments.
As far as the crypto scams are concerned in New Zealand, the investment first augmented as plenty of money was deposited, but it soon started falling down. According to the police department, the process went on repeatedly as the scammers continued to get in touch with the victims on multiple occasions to acquire more funds (investments) that got deposited on the scheme’s website.
Members of the public should seek advice before making any online investments they are unsure of. One of the police officers, senior sergeant Paul Reeves opines that if an investment seems too good to be true, it probably is, New Zealand Police’s official website published.
The official site also says that the scammers are tremendously persistent and ostensibly look very trustworthy as they are highly trained in making trade successful. On the other hand, if anyone believes he has become a victim of a crime, he must report the matter to the local police station.
Instead of decreasing, the trend of crypto scams is continuing to increase and blemishing the image of the entire industry. According to Coin Rivet, the Australian Competition and Consumer Commission recently notified that the digital currency fraud is currently the second most common investment scam in Australia. These scams including fake ICOs amounted to just a fraction of entire losses to fraud that recorded around $300 million in 2017.
The post New Zealand Cops Issues Warning Against Investors Involved In Crypto Scams appeared first on OWLT Market.
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