Sask. Government warns of increase in cryptocurrency investment scams

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April 5, 2021 – The Government of Saskatchewan is warning of an increase in fraudulent investment opportunities involving cryptocurrency. 

In a release, the province said the Financial and Consumer Affairs Authority (FCAA) is warning of flashy advertising with promises of high returns to target people looking to grow their income for retirement. 

The province said the fraudsters are creating fake websites, and use ads, fake recommendations and private messages to convince people to part with their money and achieve big returns. CBC News reports. | READ MORE