• November 2, 2018

Bitcoin Scam

Bitcoin Scam

Bitcoin Scam 150 150 Consumer & Business

The Scam

You get a threatening call from someone claiming to be from LAPD, informing you that your social security number was stolen and that you must make a payment using Bitcoin to avoid further fraud. They provide the toll-free LAPD number as proof they are with the department.

The Truth

According to the Los Angeles Police Department, this is a scam to get victims to give up all of their money. The LAPD is not contacting you regarding a stolen social security number, and they would NEVER ask for payment. If you receive such a call, contact your local LAPD station and your bank.

For more information about cryptocurrencies, watch our Cryptocurrencies 101 video here.

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