Police are warning Edmontonians to be wary of a new kind of financial fraud that targets people who have previously fallen prey to online romance scams. Local victims have lost hundreds of thousands of dollars to intricate online scams orchestrated by criminal syndicates, police said in a news release Friday. In these new scams, victims who have been previously defrauded are offered help to deal with the financial loss by consolidating their debt, for a fee. "So many people are involved to create this nest of lies, but it's their money-making business. The fraudsters typically belong to a scam syndicate or may be servicing multiple syndicates.

Source: CBC News March 29, 2019 19:07 UTC