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Beware of Recovery Scams |
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Today, PCSOs from Ferndown visited a local resident who had fallen victim to a cryptocurrency fraud and was subsequently targeted by a recovery scam.
The victim reported being contacted via email by an individual they believed to be a legitimate cryptocurrency agent. The victim wished to withdraw funds held in a Bitcoin account and engaged with the individual in good faith. Unfortunately, the fraudsters gained access to the account and withdrew approximately £70,000 worth of Bitcoin.
Approximately three weeks after the initial fraud, the victim was contacted by further fraudsters who claimed they were aware of the withdrawal and could help recover the stolen funds for a fee. This type of fraud is known as a recovery scam.
Recovery scammers often target individuals who have already been victims of fraud. They may claim to be from a recovery company, law enforcement agency, financial regulator or legal firm. They will often promise to recover lost funds but require an upfront payment, personal information, banking details, or access to accounts before they can proceed. In reality, they are simply attempting to obtain more money or information from victims who have already suffered a loss.
How to protect yourself:If you have been the victim of a scam, be particularly cautious of anyone who later contacts you claiming they can help recover your money.
Reporting FraudIf you believe you have been targeted by fraud or have become a victim, report it to Report Fraud at:
🌐 www.reportfraud.police.uk
Please share this warning with family, friends and neighbours, particularly those who may be vulnerable to fraud-related offences. Staying informed is one of the best ways to prevent becoming a victim | ||
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