Numerous South Brunswick Residents Fall Victim to Cryptocurrency Scams, Sum Loss of $250,000

SOUTH BRUNSWICK, NJ - Police say that several South Brunswick residents have been scammed using cryptocurrencies over the past few weeks, resulting in a sum loss of $250,000. Authorities are urging residents to be aware of these types of scams.

In a press release, police did not provide specific examples of crypto scams used on South Brunswick residents. They described the scammer's methods as impersonating technology companies, hacking and mimicking corporate emails, soliciting investments into fraudulent companies, and impersonating law enforcement agents.

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The goal of these scams is to get victims to convert their money into cryptocurrencies and send it to the suspect, according to police. Authorities say that all requests to pay via cryptocurrency should be treated with high levels of scrutiny.

Residents should always check the website they are visiting to be sure it is an official website, confirm any requests regarding change in payments via a phone call or in-person, and confirm that the intended recipient is aware and trusted, as these transactions are irreversible.

“No legitimate company or agency ever requests payment in the form of Bitcoin, gift cards, or any cryptocurrency,” says South Brunswick Police Detective Sergeant Timothy Hoover in a released statement, “The frauds have targeted victims of all ages, so everyone needs to stay alert.”

Anyone who believes that they or someone they know has fallen victim to a cryptocurrency scam is encouraged to report it to the Federal Bureau of Investigation’s Internet Crime Complaint Center.

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