Residents are urged to be wary of online investment offers claiming to have celebrity endorsement after a Guelph woman lost $14,000 in a cryptocurrency scam.

The victim contacted police Tuesday to report the loss. She said she had clicked on an ad on social media which purported to represent an investment opportunity promoted by a popular YouTube content creator.

The victim paid $250 to join the investment, then transferred various amounts based on advice from supposed company representatives. At one point she spoke to someone she believed was the YouTube star and later transferred $5,000 to a cryptocurrency wallet address he provided.

Residents are encouraged to be wary of any telephone call, email or text which requires you to take immediate action, and to be suspicious of any supposed celebrity endorsement which can be easily faked with artificial intelligence.



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