Published 13 days ago • loading... • Updated 13 days ago

'Artificial intelligence investment' scam costs Vancouver Island resident $150K

A cryptocurrency scam cost a Parksville Qualicum Beach resident $150,000 after clicking an advertisement for artificial intelligence investment in 2025.
The scam began when the resident, believing the platform was legitimate, started communication through an app and sent money via wire and e-transfers.
Oceanside RCMP investigated and found the funds were transferred to a different platform, which the resident could no longer access, showing the investment was fraudulent.
Worth explained that the $150,000 lost by the resident was sent to a fraudulent site designed to closely mimic a trusted investment service, and regrettably, the money cannot be recovered.
Police advise thorough research to verify legitimacy before investing, warn of scammers exploiting the internet, and note that losses in such scams are not recoverable.

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