Consumers Conned Out Of €50,000 In Crypto-Currency Scams.

Thursday, 20 May 2021 16:33

FraudSMART reports a rise in 'get rich quick' scams

Consumers in Ireland are being conned out of as much as 50,000 euro by new crypto-currency scams.

FraudSMART's warning scammers are creating bogus companies and promising people massive returns on investments.

Cryptocurrency scams on the rise with victims conned out of up to €50,000.
FraudSMART warns consumers of ‘get rich quick’ investment scams as fraudsters take advantage of hype around digital currencies.
Further details at https://t.co/NAYHJBvvxo pic.twitter.com/zOvBNAfqOF
— FraudSMART (@FraudSMART) May 20, 2021

It says there has been a sharp rise in these 'get rich quick' scams, and is launching a new awareness campaign to highlight the issue.

Brian Hayes from the Banking and Payments Federation says fraudsters are taking advantage of the hype around digital currencies:

Brian Hayes says people need to be extremely careful:

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