A 74-year-old Hanover Township, Lehigh County, man fell victim to a cryptocurrency scam that bilked him out of $53,000, state police said.
Pennsylvania State Police in Bethlehem said the man in June 2023 realized he was being duped. Investigators say the scheme involved the victim providing financial information to a scam artist, who then relayed to the man that they were making various financial investments. In reality, they were stealing money, police said.
Nathan Branosky, public information officer for the Troop M barracks, told lehighvalleylive.com the man was interested in using digital currency designed to work as an exchange mechanism through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
The man thought he was making investments through those applications and brokerage firms, according to state police.
Pamela Sroka-Holzmann may be reached at pholzmann@lehighvalleylive.com.
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