74-year-old Pa. man loses $53K in cryptocurrency scam, cops say

74-year-old Pa. man loses $53K in cryptocurrency scam, cops say

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a 74 year old man Hanover Township, Lehigh CountyA man was the victim of a cryptocurrency scam that bilked him out of $53,000, state police said.

Pennsylvania State Police in Belen He said that the man in June 2023 realized that he was being deceived. Investigators say the scheme involved the victim providing financial information to a scammer, who then informed the man that they were making several financial investments. In reality, they were stealing money, police said.

Nathan Branosky, public information officer for Troop M barracks, told lehighvalleylive.com that the man was interested in using digital currency designed to function as an exchange mechanism through a computer network that does not depend on any central authority, such as a government or a bank. , to defend or maintain it.

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