Protecting Residents from Bitcoin Related Scams

By Dave D'Silva

Dec 21
Richmond Hill Bitcoin Fraud

Last month, The Liberal ran a story of a Richmond Hill woman who fell prey to a type of fraud that’s been on the rise lately.

York Regional Police says over 40 Richmond Hill residents have become victims of similar scams. Their total losses amount to over $300,000.

We believe the actual number to be much greater: Many victims don’t come forward with their story.

There is a need for education on Bitcoin and other crypto-currencies.

BitcoinNorth reached out to the CRA (Canada Revenue Agency). The CRA confirmed it does not accept Bitcoin payments for taxes owed.

York Regional Police (YRP) Financial Crimes Unit is invited to our monthly meetup to discuss how to better protect the residents from this type of scam.

Dave D’Silva, our co-founder, proposed a Bully Watch program to the YRP Board. Bully Watch is recognized by MP Majid Jowhari:

“Creating a restorative justice framework that promotes human rights by bringing together people, organizations and cultures to resolve community issues involving bullying. On behalf of the Government of Canada, I commend you for your vision of replacing bullying with positive behavior to make communities stronger as a united force.”

 

 

About the Author

Dave champions project management and blockchain for the community good, as a former PMI Toronto Chapter PMO Community Chair, and PMI Lakeshore Chapter speaker. Connect with Dave at https://www.linkedin.com/in/davedsilva

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