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Lincoln Police say a 67 year old woman is out more than $50,000 in a bitcoin scam.  Captain Todd Kocian says the woman called police on Friday to report the scam.

Kocian says back in March she received information that there were some fraudulent charges on her bank account from Amazon.  “She began speaking with a male over the phone and was under the impression he was with the Fraud Department at the bank,” Kocian says.

“Over the course of the next two months she made withdrawals from her 401K to purchase Bitcoin.  She was told she’d receive two checks in the mail, one for $51,000 and another for $18,999,” Kocian says.   The woman did not receive either check.

The woman lost $51,000 from her 401K and $1,000 from bank account.  “We would like to remind everyone to always verify information through your financial institution before making any withdrawals or transfers,” Kocian says.