Oak Bay resident loses $14,700 in fraud involving bitcoin

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The resident was drawn into an elaborate scam that started with a phone call purporting to be from someone at Visa

The resident, who reported the fraud to police last week, had been drawn into an elaborate scam that started with a phone call purporting to be from someone at Visa.

They were then transferred to the so-called “fraud department.” At that point, the victim was told “a very practiced and believable story” and agreed to help with a “fraud investigation,” police said. The next day, the victim was directed to withdraw $5,000 once again and deposit it in still another bitcoin machine, but they encountered difficulties making the full deposit after $2,700 of the $5,000 had been deposited.

 

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