Norfolk Victims Issue Warning About Crypto Scammers
11:20 a.m. July 16, 2022
People are being warned to remain vigilant when making investments after criminals tricked Norfolk victims through cryptocurrency fraud.
Norfolk Trading Standards said it has received reports of individuals falling victim to online investment scams, including fake cryptocurrency exchanges.
Losses from these scams range from a few hundred to several thousand pounds.
The dangers of people investing in cryptocurrencies were highlighted when Norfolk man Gary Edwards, 71, revealed he and his wife had lost £30,000.
A spokesperson for the Trading Standard warned: “Our advice is to always make sure you understand a cryptocurrency or investment before transferring money.”
Action Fraud said criminals often advertise schemes using fake celebrity endorsements.
“Beware of online and social media advertisements promising high returns on investments in crypto-assets or crypto-asset-related products and beware if you are contacted out of the blue about a investment opportunity,” he added.