Warning over get rich quick scams involving cryptocurrencies
People are being conned out of up to €50k. By Garreth MacNamee Thursday 20 May 2021, 9:02 AM 1 hour ago 11,555 Views 45 Comments
Image: Shutterstock/tungtaechit
Image: Shutterstock/tungtaechit
CONSUMERS HAVE BEEN urged to beware of so-called ‘get rick quick’ schemes involving cryptocurrency after a large number of people were conned out of significant amounts of money.
FraudSMART, the fraud awareness initiative led by Banking & Payments Federation Ireland (BPFI), has warned of the rise in cryptocurrency investment scams with victims being conned out of sums of money up to €50,000.
In many cases, potential victims are lured to the trade by cold callers or internet pop-up ads.
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