Toronto-area police warn of Bitcoin tax scam after more than 40 people defrauded
AURORA, Ont. — Police say more than 40 residents in communities north of Toronto have fallen victim to a Bitcoin tax scam, sending over $300,000 to fraudsters since August.
York regional police say they have seen a significant increase in reports of scammers identifying themselves as Canada Revenue Agency employees.
The suspects tell victims they have overdue taxes to pay, and threaten them with arrest if they don’t settle up.
In recent months, the scammers have persuaded victims to send them money using the virtual currency Bitcoin.