Oakwood Police said Wednesday scammers are increasingly targeting senior citizens using Bitcoin and other cryptocurrency schemes.
“These scams often start with a phone call, text, or email claiming to be from a trusted source like a bank, government agency, or even a family member in trouble,” Det. Lt. Stuart Webb said. “We are seeing a continued increase in our senior citizens being targeted.”
Here’s how he says the scam usually works:
Victims are instructed to:
• Withdraw cash
• Visit a Bitcoin ATM
• Send money using a QR code provided by the scammer
And Lt. Webb said, “Once the money is sent, it’s nearly impossible to recover.” He urged anyone to remember these tips:
*No legitimate agency will demand payment in Bitcoin
*Pause and think before acting on urgent requests
*Verify the story with a trusted family member or official source
*Seek advice if something feels “off”
“Let’s work together to protect our community, especially our seniors, from falling victim to these scams,” Webb said. “If you or someone you know is unsure about a request for money, don’t hesitate to reach out for help before taking action.”