Those wanting to convert cash into cryptocurrency can do so at more than 20 local kiosks, but the Fort Wayne Police Department on Thursday alerted users about potential risks.
“Scammers are increasingly directing victims, especially seniors, to use these kiosks as part of sophisticated fraud operations,” public information officer Sgt. Jonathan Cutler said in a news release.
Virtual currency kiosk schemes typically involve criminals who use high-pressure tactics to persuade victims to send them money, such as by posing as law enforcement officers and threatening arrest or legal action, the release said.
Other scammers purport to be representatives from utility companies and technical support, the release added. It noted romance and lottery scams are also common.
Tracing or recovering victims’ money is almost impossible once the cash is converted and sent, the release said.
The police department encourages the public to watch for these warning signs:
• Individuals who withdraw large amounts of money and go directly to a crypto kiosk.
• Multiple transactions just below reporting thresholds.
• Anyone demanding payment only through cryptocurrency.
Those pressured to send money through such a kiosk should ask questions, stop and verify before taking action, the release said.
Help is also available through the police department’s financial crimes division. Call the nonemergency line at 260-427-1222.
Cutler encouraged residents to share the information with older family members and friends.
“Together,” he said, “we can help protect Fort Wayne’s seniors and ensure that all members of our community stay informed, alert and safe.”