Police warning: Credit card scam victims must buy gift cards and cryptocurrency

Victims receive a phone call from someone claiming to be a bank employee saying their credit card has been compromised.

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Police are warning people about a recent scam they say has cost some victims thousands of dollars.

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The Regina Police Department said in a news release that the victims received a phone call from someone claiming to be a bank employee saying their credit card had been compromised.

The victims were informed that there were unauthorized transactions on their credit card and that their identity had been shared. The scammer will then attempt to recruit the victim to “help catch international criminals”, police said.

The scammer will then ask the victim to purchase gift cards and cryptocurrency and provide them with this information, which will sometimes cost the victim thousands of dollars. The scammer will look very official and may even pretend to transfer the victim to the financial institution’s security department.

No financial institution will ask you to make payment with gift cards or cryptocurrency, police said.

Anyone who suspects they have been the victim of this type of scam should immediately call their financial institution and report it to the police.

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Michael N. Clark