Ontario man out $106,000 after being blindsided by twist of two scams
An Ontario man says he will probably have to sell his house after being scammed out $106,000 of his retirement money.
Sylvester, who did not want to provide his surname, said he is devastated and left completely lost after realizing he had been conned out of his savings.
"I just met this girl online, and I started to talk to her, and she said she's making some money in cryptocurrencies and said I could too," Sylvester, from Oshawa, said.
Sylvester said in October 2021, he was on a Facebook dating website when he met the woman, who claimed to be named Joanna and said she was visiting Canada from Korea.
After a week of chatting online, she suggested they invest in cryptocurrencies together.
Sylvester started with $500, but later invested thousands more. In total, he made about 22 transactions, taking loans from the bank and a line of credit.
At one time he transferred $24,000 in funds. He said he believed the woman he met online was also investing at the same time as him and putting in equal amounts.
Sylvester said at one time he even did a Zoom chat with the woman.
The woman also sent him printouts showing that his investments were rapidly going up, however when he tried to take his money out in December he couldn't.
That's when he said he realized he had been scammed out of $106,000.
A woman uses her computer keyboard to type while surfing the internet in North Vancouver, B.C., on Wednesday, December, 19, 2012. THE CANADIAN PRESS/Jonathan Hayward
"I'm retired and that was my retirement money that I saved. Now my heart is crying," Sylvester said.
Canadians, like Sylvester, lost more than $70 million in 2021 to investment fraud and another $40 million to romance scams.
Now criminals are combining the two types of fraud adding a twist to dating scams that some are calling CryptoRom.
In November, CTV News Toronto spoke with a woman who lost $80,000 in a cryptocurrency scam after connecting with a man on a dating website.
The Canadian Anti-Fraud Centre said while victims may think they're investing in cryptocurrencies, they're really just handing their money over to criminals.
"The fraudster is sending a platform, which is fake, but it very much looks real to the victims," Sue Labine with the Canadian Anti-Fraud Centre told CTV News Toronto.
During the COVID-19 pandemic, many people have been lonely and have turned to dating websites for companionship.
Sylvester is devastated after being caught in the scam and is worried he will lose his home.
"I'm lost. My mind is not working properly. I can't think, I can't do anything. I borrowed money from my friends, I borrowed money from all the banks. I have to sell my house probably," Sylvester said.
Toronto Top Stories
CTVNews.ca Top Stories
Students trapped inside a classroom with a gunman repeatedly called 911 during this week's attack on a Texas elementary school, including one who pleaded, 'Please send the police now,' as nearly 20 officers waited in the hallway for more than 45 minutes, authorities said Friday.
As Johnny Depp's high-profile libel lawsuit against ex-wife Amber Heard wound down, Heard took her final opportunity on the stand to comment on the hate and backlash she’s endured online during the trial.
A new report says Ottawa, Vancouver and Toronto rank among the top 20 cities around the world when it comes to work-life balance.
Federal Public Safety Minister Marco Mendicino will table new firearms legislation on Monday, according to his colleague Justice Minister David Lametti. In an interview with CTV's Question Period that will air on Sunday, Lametti pointed to the advance notice given to the House of Commons, and confirmed the plan is to see the new bill unveiled shortly after MPs return to the Commons on May 30.
An 11-year-old survivor of the Robb Elementary School massacre in Uvalde, Texas, feared the gunman would come back for her so she smeared herself in her friend's blood and played dead.
For 70 years, Andre Hissink has held a grudge against the Dutch government, but this week, the 102-year-old Second World War veteran’s persistence paid off – the Dutch king granted his wish for a rare dual citizenship.
Canada has tapped into its own strategic stockpile of emergency medical supplies -- stored for a national emergency -- to help Ukraine. It has donated over 375,000 items of medical equipment and medicines from Canada's strategic stockpile since the invasion by Russia began.
Takotsubo cardiomyopathy, more commonly known as 'broken heart syndrome' or stress-induced cardiomyopathy, is an actual medical condition triggered by severe emotional or physical stress and is different from a heart attack.
After a six-week trial in which Johnny Depp and Amber Heard tore into each other over the nasty details of their short marriage, both sides told a jury the exact same thing Friday -- they want their lives back.
Is it unconstitutional to make someone pay to get a legal document translated into French? One of Montreal's top lawyers thinks so, and pointed out two other things from Bill 96 that he thinks the courts would most easily find fault with.
Canada's highest court has ruled that Alexandre Bissonnette, who murdered six people at the Quebec City mosque in 2017, will be eligible for parole after 25 years.
Hydro-Quebec is still struggling to restore power to tens of thousands of homes left without electricity, six days after deadly storms hit in Quebec and Ontario.
Saturday’s powerful storm left a lasting impact across Ontario as city crews continue to deal with the damage. Western University’s Northern Tornado Project reported that two EF-1 tornadoes touched down in London — and on Friday, Environment Canada confirmed it.
A London man is facing impaired-related charges after a vehicle he was driving collided with a gravel truck on Wednesday morning, according to police.
The London Police Service is requesting the public’s help with locating a person of interest after a gun was fired on Richmond Row in the early morning hours of Friday.
A man, who was a referee at high school volleyball games in Guelph for more than 30 years, is facing sex assault-related charges.
The Region of Waterloo says there's a high safety risk at a Kitchener encampment and they are working with residents to prepare them for their eventual move.
Two low-cost airlines are butting heads over an agreement at the Region of Waterloo International Airport. Swoop wants to offer flights but the airport already has an exclusivity deal with rival Flair Airlines
Members of the NDP, Liberal and Green parties attended a meet and greet at Nipissing University's Student Centre on Friday afternoon.
The Ontario Provincial Police is closing its detachment in the town of Black River-Matheson. The building is approximately 90 years old and is located in Matheson on Railway Street.
A northern Ontario man says he jumped through several hoops and dealt with red tape as he tried to launch an inflatable water park on Ramsey Lake this summer.
As of Friday evening, 26,000 Hydro Ottawa customers remain without power in all neighbourhoods of the city.
Approximately 25,000 people will take part in Tamarack Ottawa Race Weekend on Saturday and Sunday.
Ottawa Bylaw says the "mama and her 4 kittens" were abandoned outside the PetSmart on Innes Road sometime between 6 a.m. and 8 a.m. Friday.
Windsor police are asking for the public’s help identify a driver who fled after a rollover crash.
'Just do Mable things': Father of 18-year-old Pain Court crash victim shares memories of his daughter
It’s been a long and sorrow-filled week for the extended families of Mable Baker, an 18-year-old Chatham-Kent woman who was involved in a fatal car crash last weekend.
A local musician will be back on stage for the 16th annual 24-Hour Drum Marathon.
On the final day of the Paul Sadlon sexual assault trial, the defence called the complainant's allegations "straight out lies" and "not believable at all."
Provincial police are searching for a missing senior who went for a walk with his two dogs on trails behind his home in Springwater Township Thursday afternoon.
An Aurora couple is making plans to buy a house after winning the lottery.
A lawyer for families of victims killed in the Nova Scotia mass shooting says an 18-hour delay in finding five bodies of those murdered is a sign of "deficient" policing.
A Cape Breton father is warning the public of the dangers in the area he lives after his teenager son fell nearly 40 feet over a cliff in Glace Bay.
Two Muslim sisters in St. John's, N.L., are speaking out after a man approached them where they work, screamed at them and then smacked the 15-year-old sister across the head, nearly knocking her over.
A southern Alberta man who killed three people, including a two-year-old girl, could have the ability to request a release from jail earlier than his original sentence intended, thanks to a landmark Supreme Court decision Friday.
Calgary Flames fans are still coming to terms with a playoff series loss to the Edmonton Oilers Thursday night in a game that saw both controversy and heartbreak following a Connor McDavid overtime goal.
Western Canada's premiers want to reform their health-care systems by expanding services but they say Ottawa first needs to pick up the phone.
Pembina Trails School Division is confirming to CTV News that a group of students found a body during community cleanup at Ècole South Pointe School.
Winnipeg police are telling people to find an alternate route this afternoon as they are investigating a fatal crash near the St. Boniface Industrial Park.
'It's one way to be creative': Winnipeg student wants to be a bartender when older; school doesn't like comment in yearbook
Bartender. That is what one Grade 4 student said for the yearbook when asked what he wanted to be when he grows up, an answer the school is asking him to change.
With ridership still well below pre-pandemic levels, TransLink looks for 'long-term revenue solutions'
Metro Vancouver's public transit system will be dealing with the effects of the COVID-19 pandemic for years to come, according to recent funding and ridership announcements by TransLink.
The federal government needs to come to the table to discuss more money for health care, Western Canada's premiers said at their annual meeting.
Charges approved in 'very serious and traumatic' Surrey sexual assault involving break-in, confinement
A man identified previously by police has now been charged in connection with what officers call a "very serious and traumatic" sexual assault in Surrey, B.C.
A hotly-controversial decision on whether or not to freeze base funding for police in Edmonton was delayed Friday as fallout from a dispute between the mayor and the provincial justice minister continued to rattle political circles.
A 19-year-old man is in police custody after a shooting near Rogers Place after an Edmonton Oilers viewing party ended Thursday evening.
A shelter many expected to remain open until the end of June in Wetaskiwin, Alta., will close a month early.