Warning Issued for Cryptocurrency Scams Targeting Older Adults

State Police are warning residents about a growing financial scam involving fraudulent cryptocurrency investments and the purchase of gold bars or coins. The scammers are targeting older adults and their families, using increasingly sophisticated tactics to convince victims to liquidate savings or withdraw large sums of cash.

The scammers promise that the money will be converted into cryptocurrency or invested on behalf of the victim, but this is a false promise. The State Police have issued a news release warning residents about this scam and urging them to be cautious when dealing with unsolicited investment opportunities.