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NORFOLK — Police say they recently helped a local resident recover more than $3,700 lost in a cryptocurrency scam.
Bạn đang xem: Norfolk police recover portion of funds lost in cryptocurrency scam
In a press release, police say the resident fell victim to a $10,000 scam back in September after receiving an email from PayPal requesting $1,099.99. The email instructed the resident to contact a toll-free number if they did not recognize the seller. Through a series of “convincing techniques,” police said the scammer persuaded the resident to deposit $9,900 into a Bitcoin Depot ATM machine.
Days later, the resident contacted Norfolk police to report the incident.
Police forwarded the transaction information and destination Wallet ID to CNC Intelligence, a company that has previously traced cryptocurrency transactions for Norfolk police. The information was also sent to the FBI.
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‘Don’t have any real information’: Email scam seeks to take advantage of less internet-savvy people
Norfolk police Detectives Sgt. Jimmy Meneses and James Lorusso led the investigation, which resulted in the recovery of $3,731.33 of the victim’s funds.
“Thanks to the hard work of Detective Sgt. Meneses and Detective Lorusso on this investigation, we were able to recover a significant amount of money for this resident,” said Norfolk Police Chief Timothy Heinz, in a prepared statement. “I would like to urge everyone to familiarize themselves with these scams so that no one else falls victim to them.”
Norfolk police investigated several ‘fraudulent transaction’ scams
Earlier this year, Norfolk police investigated a series of email scams originating from account-based platforms, including PayPal, Amazon, Microsoft and Venmo. These scams typically involve a “fraudulent transaction” attached to the victim’s account.
The Federal Trade Commission provides several tips to help individuals recognize and avoid cryptocurrency and blackmail scams. According to the FTC, only scammers demand payment in cryptocurrency. Legitimate businesses or government entities will never ask for cryptocurrency payments.
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Experts say scammers often impersonate well-known companies or use familiar phone numbers to build trust and deceive individuals. They may pretend to be from a government agency, a utility company, a tech company or even a charity asking for donations.
Scammers also pressure victims to act immediately, experts say. They may instruct victims not to hang up so they cannot verify the scammer’s story. They might threaten to arrest the victim, sue them, revoke their driver’s or business licenses or deport them.
Finally, experts say scammers often insist on specific payment methods, such as sending money through a money transfer company or putting money on a gift card and providing the number on the back. Some scammers send fake checks, instructing victims to deposit them and then send money.
Norfolk police urge residents who believe they are victims of scams to call 508-528-3206 and report them. By raising awareness and providing resources, police hope to prevent more residents from being victimized.
This story was created by reporter Beth McDermott, [email protected], with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more.
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