Another bitcoin scams hit Canada

[stompix]

Is a ponzi scheme and not another bitcoin scam per se.

No, it's not a Ponzi and rather than making four lines of useless shitposts spend a minute reading the article.

But, sadly people always fall for this scam.  Probably greed numbs their mind into functioning.  

People, stop with the greed and the investments and Ponzi schemes:

"A lot of people are getting phone calls saying that they have to transfer the money to Bitcoin regarding CRA; we've had Manitoba Hydro as well."
The reports from Winnipeg share similarities with another scam we reported on June 19. In that instance, the Royal Canadian Mounted Police, or RCMP, allege that fraudsters impersonated the local authorities in order to extort Bitcoin from their victims.

Victims are scammed by people calling them and telling them they have debts to pay and they should pay it via a BTC atm. Simple!

The bad thing about this is the reaction of the owner, although he tried to prevent a lot of people from paying to scammers, his decision is:

Zeid says he’s fed up with it, and wants to get the machine out of his store.
“It’s to the point where it’s (so) frustrating I’m making calls to the Bitcoin machine owner to remove the machine,” he said.

[Yatsan]

I honestly don't understand how people can still fall for it. Honestly, even if the phone call indicates something similar to an authority asking for payment, I'd rather offend the guy and then clear up the situation. I'm pretty sure they themselves know about the fraudulent spread of scams here and there, and trying to make sure of something first and foremost is pretty understandable. Especially if they are asking for a large amount of money, or even a small amount, but for longer terms.

The news is misleading, that would ruin bitcoin's reputation because in the first place bitcoin is not scam.
Why these media are dragging bitcoin into negative news, they could have make a different title like "Ponzi scam using bitcoin" or anything but not this title posted by OP. Scams are everywhere, people has to be educated to prevent themselves into falling this kind of scam, that's the only weapon we need to have so these scammers will not succeed.

TBH, the title of the thread was really catchy that's why I opened this thread, but misleading as I said.

It is still related to Bitcoin since firstly, they use the name of Bitcoin "investments". For all we know, those being asked are actually misunderstanding Bitcoin as a sort of "company" that is asking for investment. The details of the "investment" wasn't really released so I just assumed, but there's still a chance after all. Ignorance is something we all know about, and something abundant most of the time whenever someone gets scammed.

[LbtalkL]

I hate when they call it "bitcoin scam" it should be "fake Bitcoin investments".

A fake Bitcoin investments = scam. News outlets need to save space in the headlines, and "Bitcoin scams" has fewer characters, so...

I know that, but not all people understand what is bitcoin, what is cryptocurrency, etc. so it is better to be more precise on headline. I am referring to those individuals that has a little knowledge about it. It could be misinterpret or mislead them to think that bitcoin is scam for real. I know ignorance of something is their fault for not being too curious or educate themselves about it, but we need those newbies to spread adoption, that is why adoption is very slow because most of the people are thinking it the wrong way in what they heard from news and they don't bother to read the whole article just headlines.

[serjent05]

But, sadly people always fall for this scam.  Probably greed numbs their mind into functioning.  

People, stop with the greed and the investments and Ponzi schemes:

"A lot of people are getting phone calls saying that they have to transfer the money to Bitcoin regarding CRA; we've had Manitoba Hydro as well."
The reports from Winnipeg share similarities with another scam we reported on June 19. In that instance, the Royal Canadian Mounted Police, or RCMP, allege that fraudsters impersonated the local authorities in order to extort Bitcoin from their victims.

That reply was not for the case brought by OP or written on the article.  It was a reply on this post by Twinkledoe :

People should be smart enough before sending any money to unknown entities. They are also driven by the idea of get-rich-quick-scheme the reason why some are lured from it. But they have heard a lot of crypto scams already, so they should really be careful in dealing with this too-good-to-be-true offers.

That should be the thing.  But, sadly people always fall for this scam.  Probably greed numbs their mind into functioning.  Only thinking about the possible money they will get on this scam scheme.  I have known lots of people who always fall for this kind of scam.  Most of them are from the Multi-level marketing industry since most of these scam pretend to be this kind of scheme but actually an HYIP or pyramid scam.

The bad thing about this is the reaction of the owner, although he tried to prevent a lot of people from paying to scammers, his decision is:

Well, probably the owner does not want his store to be dragged on the issue or he can't bear to see people falling to this threat/fraud/extortion scam.  It is a pain to hear about a crime that happen within the vicinity of your store.  I would do the same thing just to have peace of mind.

[Steamtyme]

Calm Down

This is not another scam this is the same scam. You can find an article from nearly a year ago about the same thing. i live a few hours away from Winnipeg and likely know the owner of the BTC ATM at that location. This comes up constantly it is no differnt than the scams involving Gift cards or mailing/couriering cash.

You receive a call from someone claiming to be a Utility provide, Governement agency, or Law enforcement.
They tell you that you owe them money or they will cut you off and sue, or imprison you, take away your children... whatever it takes.
They tell you go to this ATM and buy and send to this address.

Story as old as time. So again it's just a misleading article by cointelegraph who really should put some effort into being a crypto news source.

Shame they should know better and be able to write a real article instead of copy/paste/snip an article from a mainstream news source.

[Quidat]

There is bitcoin scam happened in Canad, the local store owner in Winnipeg from Canada reported that there is a bitcoin scam happened on some of his customers.

This bitcoin scam is targetting the residents of Winnipeg Canada. The good thing here is that the local grocery store owner already warned that his customers were the victims of the bitcoin scam.
There are so many scammers in this world, we should be careful when there are someone messages us out of nowhere if you don't know the number just ignore it especially when it is about money. You don't have to pay attention to those text messages. Always assess the situation if needed.

Im trying to figure out on whats CRA, i thought it was just an another ponzi scheme or what since it doesnt mention on what kind of scam is happening and i thought it was just an another ponzi or what.
So CRA means Canada Revenue Agency  ( https://www.canada.ca/en/revenue-agency.html ) .I dont know why people do easily fall into this kind of trap and been wondering on why they arent too
cautious on such manner.In the first place it would really be suspicious that they would call you out or sent out be some message telling about something just for you to make any bitcoin transactions?
Scammers would continue to exist if there are people that can really be easily fooled.

[Kelvinid]

May some news title is somewhat misleading but if you will read the entire content of the said accusation it will lighten you up the real scenario and that not it makes Bitcoin as a scam but just people used that name to scam innocent people.
TBH, we can't wipe these scammers, they are spreading and getting stronger as they know that they could still scam people. We all ain't learn that already, scammers are smarter now and they took the advantage into every opportunity they see. And that is why I didn't give full trust to anyone I meet online for just once or having a deal with them, especially about investment for I was thinking about scamming.

[Utoy101]

There are so many scammers in this world, we should be careful when there are someone messages us out of nowhere if you don't know the number just ignore it especially when it is about money. You don't have to pay attention to those text messages. Always assess the situation if needed.

I agree with you, there are many scammers and more and more people have intentions of joining scam to deprive people of their hard earned money... The only way to beat them is to stay far ahead of them by staying off gread becuse they will keep rolling more and more deadly strategies that would seems real to victims

[raidarksword]

Using bitcoin as a front on scamming people always been a problem ever since and there always been a victim as well. Even in my country some low-life scammers using it as a front of investment ponzi scams targeting people who don't have knowledge about bitcoin and just joining because of flowering  ROIs that they will get if they invest. And that's not bitcoin at all, bitcoin will always be a victim in this kind of schemes and bitcoin always gettting bad names on news reports. I hope people will do more research before engaging this type of fraudelent acts.

[LogitechMouse]

There are so many scammers in this world, we should be careful when there are someone messages us out of nowhere if you don't know the number just ignore it especially when it is about money. You don't have to pay attention to those text messages. Always assess the situation if needed.

Whatever happens, the best thing to do right now is to secure all of our holdings whether it is Bitcoin or other coins at all times so that we will not be victims of scams like this.

Ignorance is bad for the people but in times like this where money is related, sometimes ignorance can have some benefits such as this. If you ignore a text especially if you received it from a random stranger out of nowhere then it will prevent you from getting scammed. Being knowledgeable in things like this especially into how scammers scam people can help you too. If there is money related then ask some of the experts or somebody who you know that is expert on that thing.

[Lorence.xD]

Using bitcoin as a front on scamming people always been a problem ever since and there always been a victim as well. Even in my country some low-life scammers using it as a front of investment ponzi scams targeting people who don't have knowledge about bitcoin and just joining because of flowering  ROIs that they will get if they invest. And that's not bitcoin at all, bitcoin will always be a victim in this kind of schemes and bitcoin always gettting bad names on news reports. I hope people will do more research before engaging this type of fraudelent acts.

Exactly, the scams and schemes have been there for a long time, then how come this people still fall for those formulaic and by the book schemes? It is because they never learn or a better wording is that they do not want to learn, people is the problem now, back then it was those scammers who we are afraid because there still unknown schemes but now that technology is in every household, I do think that the fault is in the people, I get that the elderly population will be the biggest target but don't you think it is the responsibility of the young people to help them not get goofed by these low-life.

[jossiel]

I think I've seen this kind of scam before not particular to Canada but in other countries and also happened locally. The style is like those scam phone calls that has been posted in YouTube years ago and also keeps on coming even up to now with almost the same reasoning.

Probably the scammer bought or collected phone numbers of a victim from a database that he has been monitoring. The authorities could easily catch and trace the numbers if the victims will cooperate to them but I think those scammers are operating offshore.

[giammangiato]

Unfortunately, on the web it is easy to find scams on bitcoin, whether it is a ponzi or pyramid scheme, many are attracted by high percentages of profit and this is how you fall into the trap, it would be useful to always share any and potential scams in order to protect us all from scams or maybe there is already a thread where they talk about it but I don't know and I apologize

[DdmrDdmr]

<…> Grocery stores in Canada accept bitcoin payments. This proves Bitcoin is very popular in this country.

Not really. The case depicted here consists in luring people to a Bitcoin ATM machine somewhere, in order for them to make a payment for a swindle of some sort made by a guy impersonating an entity that requires BTC to avoid an alleged bigger fine. The whole process is a fraud, and the grocery is simply a place that holds an ATM within to perform the payment. The existence of a Bitcoin ATM is the cornerstone here.

[meanwords]

I don't get it. According to the article, they are getting scammed because they are buying on the phone? How can people fall for that when they don't know who they are dealing with and especially on the phone where there's not much information you can take? Are those residents that stupid? or there's a catch to that? How can people just fall for that Bitcoin machine?

[ethereumhunter]

The scams will always happen out there, and we must be careful from the scammers. Many new ways will be used by scammers to trick people's money, and now, bitcoin becomes popular, there will be many people who want to invest in bitcoin, and they can be a new target from the scammers. But if people can spend their time for a while to learn about investing in bitcoin, I think they can prevent the scam itself and know if they find something weird from anywhere.

[carlisle1]

There is bitcoin scam happened in Canad, the local store owner in Winnipeg from Canada reported that there is a bitcoin scam happened on some of his customers.

This bitcoin scam is targetting the residents of Winnipeg Canada. The good thing here is that the local grocery store owner already warned that his customers were the victims of the bitcoin scam.

According to Global News, Husni Zeid placed a large sign on the Bitcoin machine he has in his store, asking people to exercise caution with regard to phone scams that ask for fake Bitcoin investments.

"A lot of people are getting phone calls saying that they have to transfer the money to Bitcoin regarding CRA; we've had Manitoba Hydro as well."

Source: https://cointelegraph.com/news/another-bitcoin-scam-hits-canada

There are so many scammers in this world, we should be careful when there are someone messages us out of nowhere if you don't know the number just ignore it especially when it is about money. You don't have to pay attention to those text messages. Always assess the situation if needed.

Here are some other scams in Canada about crypto currencies

https://www.cbc.ca/news/canada/toronto/bitcoin-fraudster-steal-money-1.5345279

and there are others that hits the country ps://www.coindesk.com/canadians-charged-for-220000-bitcoin-scam-on-twitter

and also some teenagers case about a multi million dollar

https://cointelegraph.com/news/canadian-teen-charged-for-50-million-cryptocurrency-theft

Thanks for the share mate but i think this is getting serious problem in Canada now and government must take action before the whole crypto collapse in that region.

[coinfinger]

First I don’t see the reason why I should be investing in something or sending money to people when I don’t know who they are, and what they are up to. It doesn’t make any sense. When I see people making these mistakes it always annoys me, because I don’t know why they are investing in something that they nothing about. Why not just relax and ask questions? I don’t see anything wrong with asking people some questions.

Just like one of my friends that fell for one of these scams where they will tell you to be referring people and promising you huge amount of money lol. He kept doing this until we met and he told and I had to let him know that it was a scam. And if he never told me, he wouldn’t have known what it is. So it’s always good ask questions or maybe do a research.

[dunfida]

First I don’t see the reason why I should be investing in something or sending money to people when I don’t know who they are, and what they are up to. It doesn’t make any sense. When I see people making these mistakes it always annoys me, because I don’t know why they are investing in something that they nothing about. Why not just relax and ask questions? I don’t see anything wrong with asking people some questions.

Just like one of my friends that fell for one of these scams where they will tell you to be referring people and promising you huge amount of money lol. He kept doing this until we met and he told and I had to let him know that it was a scam. And if he never told me, he wouldn’t have known what it is. So it’s always good ask questions or maybe do a research.

People can really be classified into 2 sides neither one who is fully aware because of his experience and one who do just make careless actions just because he do let his/her emotion set in.
Yeah its annoying but there are really people who do really blindly make these investments without minding if its a legit one or not.They should always put up into their damn minds that
easy money doesnt exist into this world and if someone do reaches you randomly and tell you about making big profits or quick bucks then better to already have some doubts.

[Shasha80]

It's sad that some people use bitcoin which is increasingly popular to commit fraud. We really have to be more careful of
offers of people who are not known, especially related ponzi scheme. Lots of people are interested in instant profit, but this
is it cause us to be easily fooled. I am really concerned about the scams incident in Canada, hopefully we can all increase
our awareness to avoid scammers.