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Vancouver Island resident loses $130K in 'celebrity endorsement' cryptocurrency scam

  • On April 3, a Vancouver Island individual disclosed that they had been defrauded of $130,000 through an online cryptocurrency investment linked to a company reportedly supported by a celebrity.
  • The scam began when an unknown male contacted the resident by phone, claiming they had unclaimed cryptocurrency and offering assistance to claim it.
  • The resident followed directions to transfer money through various online banks, which later flagged the activity and locked the accounts after scam realization.
  • Oceanside RCMP officer Shane Worth mentioned that since the victim’s financial institution is now engaged, there could be a chance to retrieve some of the lost money.
  • RCMP warn against engaging unsolicited investment offers, advise not clicking unknown email links, and emphasize such complex scams rarely allow fund recovery.
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Caledonia CourierCaledonia Courier
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B.C. resident loses $130K in 'celebrity endorsement' cryptocurrency scam

Police caution residents about unsolicited calls, emails offering 'investment opportunities'

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Nanaimo News Bulletin broke the news in on Monday, May 5, 2025.
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