You work hard for your money; criminals work hard to get that money. Coloradans need to be aware of a scam that make its way to them, and try to take thousands of your dollars.

Nobody likes getting fooled, especially when it comes to being tricked into faithfully handing over hard-earned money. Criminals don't give one "hoot" about you, your feelings, or your future. They care about getting your money, now.

These new ones involve something that not many are well-versed in; perhaps that why criminals are trying to use it.

Colorado Authorities Warn of Bitcoin Scam in October of 2024

Criminals prey on our fear of being in trouble with the law. I would agree that if you haven't done anything wrong, you shouldn't be worried, but it happens. That fear plays into the latest scam Colorado is seeing; as well as technology.

MORE: Beware of InstaCart Scams in Colorado

The Douglas County Sheriff's Office (DCSO) posted, in early October of 2024, about two situations involving Bitcoin and people being scammed. One person realized in time that it was a scam; the other did not, until it was too late.

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In the first situation, the person was contacted by someone pretending to be with law enforcement saying that there was a warrant for that person's arrest; the person was supposed to put money into a Bitcoin machine to make the warrant go away.

Bitcoin machine sign
TSM/Dave Jensen
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The second person's scam was a bit more involved as it was about an "investment;" in the end the person moved a lot of money out of their bank and deposited it into a Bitcoin ATM, to find that the investment was a con. That person lost several thousand dollars.

I have to agree with DCSO when they say,

Make informed decisions, not based on pressure or emotions.

 

MORE Colorado & Scams: The 10 Most Used Scams in Colorado

By knowing what "cons" are being used the most, we can help ourselves, and family members from bearing the weight of embarrassment and drained bank accounts.

Gallery Credit: Dave Jensen

Ranking States with Most Online Scams

Here's a state-by-state look, using data available from the Federal Trade Commission (FTC), ranking states by total amount of money lost to fraud.

Gallery Credit: Scott Clow

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