September 17, 2021
Scam/Fraud

Police warning about international wire-transfer extortion scams — Scam Guards

NEWS RELEASE

WATERLOO REGIONAL POLICE

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The Waterloo Regional Police are warning the East Asian community in Waterloo Region after receiving two reports of international wire-transfer extortion scams. Both victims are students at local universities and sustained a combined loss of more than $150,000.00.

Both scams were similar in nature and contained many of the same key indicators: 

  • A telephone call purporting to come from a member of the Chinese Government, or Chinese Embassy, alleging that the victim has been implicated in the commission of a criminal offence in China. 

  • An insistence that the victim report their location and activities to Chinese authorities multiple times daily. 

  • Communication with alleged Chinese authorities, including police, prosecutors, and judges, either over the telephone or through internet-based applications such as Skype.