A township resident was allegedly scammed out of millions of dollars in crypto between the first of the year and June 13, police said.
The victim reported that he invested $1.5 million into a crypto currency web site, which investment increased in value to $28 million.
The man attempted to withdraw his earnings via the social media app WhatsApp, but encountered resistance, police said.
The victim said he was asked to pay $300,000 to cover fees associated with the withdrawal. He realized he was the victim of a scam when he could not retrieve his money, police said.
Stay ‘In the Know,’ subscribe to the Franklin Reporter & Advocate!
No other media outlet covering Franklin Township brings you the depth of information presented by the Franklin Reporter & Advocate. Period. We are the only truly independent media serving the Eight Villages.
But we can only do that with your support. Please consider a yearly subscription to our online news site; at $37 a year, it’s one of the best investments you can make for yourself.
To subscribe, please click here.