Glasgow police warn public of cryptocurrency scam
GLASGOW, Ky. – The Glasgow Police Department says a scam is targeting individuals, according to a release.
Major Terry Flatt says the department has received complaints about scams and fraud resulting in thousands of dollars in losses.
Flatt says that individuals are being contacted by someone claiming to be an investment manager who promises to grow their money by purchasing cryptocurrency.
The caller will advise the phone call recipient to visit a website that appears authentic but is actually fraudulent.
Flatt says that when scam victims attempt to withdraw earnings, they are told that they need to pay high fees.
The GPD media release states that scammers advertise individual retirement accounts as IRS-approved.
The fraud begins with a pop-up message from internationally recognized companies. The pop-ups state that the individual has a virus on their personal device.
The scammers encourage victims to contact them for remote support, allowing the scammers to access all of the victims’ information and to install malware.
Flatt says some of the scams require victims to place money on gift cards. The scammers will then ask for the gift card code.
The Glasgow Police Department advises residents not to provide any personal information and to report suspicious activity immediately by calling local law enforcement.
