December 5, 2025
RED FM Information Desk
Peel Regional Police have warned towards fraudulent on-line cryptocurrency investment alternatives and have made an arrest in reference to such investment rip-off. The Peel Regional Police Fraud Bureau has charged a suspect in reference to a cryptocurrency investment rip-off involving over $1.6 million.
The police acknowledged that in 2023, two victims have been allegedly defrauded, when each victims have been lured into this fraudulent investment scheme by means of communication over social media. Victims believed that they have been investing in a legit worldwide cryptocurrency alternative. Each victims had invested important quantities of cash and got entry to on-line platforms that confirmed their preliminary investments had grown considerably. Later, it was found that the platforms together with the investment returns have been fictitious. The victims misplaced roughly $1.6 million in this rip-off.
As a part of the investigation, Peel police, with the help of the Ottawa Police Service, executed a search warrant in an space of Ottawa on November 27, 2025, and arrested a 31-year-old man from Stittsville named Hanad Adam. Investigators have charged him with fraud over $5,000 and possession of property obtained by crime.
Investigators are warning the group about ongoing and more and more refined scams involving on-line cryptocurrency investment schemes. They encourage residents to maintain the next ideas in thoughts:
- Be cautious of surprising messages or social media adverts selling crypto investments, particularly these claiming endorsements from celebrities or public personalities.
- Do not forget that fraudulent crypto buying and selling web sites can look practically equivalent to legit platforms, making them onerous to identify.
- Deal with any supply promising unusually excessive or assured returns with warning.
- Verify the identification, status, and credentials of anybody offering investment recommendation or companies.
Authorities are asking anybody who suspects they could have been defrauded in this scheme to achieve out to the Fraud Bureau at (905) 453-3311, ext. 3335.
For steering on avoiding fraud and extra assets, go to the Canadian Anti-Fraud Centre.
