BARRIE, ONT. --
South Simcoe Police warn residents that if it sounds too good to be true, it likely is after a Bradford man lost money in an investment scam.
Police say the man invested with an online cryptocurrency trading company and was promised bonus funds if he deposited more money after creating his account.
They say that when he checked his account the next day, it was empty.
The company claimed it would help him recover his funds, but said he would have to invest more money and couldn't withdraw any earnings until he made over $100,000 worth of trades.