Central Elgin resident loses over $150,000 in investment fraud
CTV
The Elgin County OPP Detachment is investigating a recent report of fraud where a resident lost over $150,000.
The Elgin County OPP Detachment is investigating a recent report of fraud where a resident lost over $150,000.
Officers were contacted by a resident of Central Elgin on Oct. 5, who reported losing more than $150,000 in an investment fraud over a period of two months, starting in July 2023.
The victim explained to police that they were referred to an investment opportunity by an individual who they had met on a social media platform.
The victim made a series of investments over a period of two months and when attempting to make a withdrawal of funds was only permitted access to a limited dollar amount.
Police say the victim then contacted another agency claiming to be "Legal Services in Canada" to initiate an investigation and was informed that the initial lost could be recovered but a sum of money was required for fees and taxes.
After paying the requested sum, the victim discovered that this too was a fraud, and contacted the police.
The investigation is ongoing.
