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Cortez man loses $600,000 in crypto scam; sheriff says fraud ‘will never go away’
A Cortez man reported losing more than $600,000 after he thought he was investing in cryptocurrency from a legitimate source. Authorities say they believe it was a larger scheme that used the victim’s account for laundering money. The man told Montezuma County sheriff’s deputy Daniel Ruiz on Jan. 9 that it started when an unknown woman named “Emily Lee” texted him. According to a sheriff’s report, Lee encouraged him to invest in gold through cryptocurrency on BlueCoin (BLU) and at OKCoin.com. The case involves false profits of more than $1.3 million, demands for upfront fees to withdraw cash, and the ... (full story)
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