www.picanada.ca
June 2016 
Volume 7  
  Issue 19       
THE INVESTIGATOR
In This Issue
New Currency
Bitcoin Risks
Ponzi Schemes
Contact Us
About Us

 

Since 2000 BCSI has performed hundreds of successful investigations.

 

Our integrated team of investigators and support services ensure that the investigations are conducted in a timely fashion with leading edge techniques. 

 

BCSI is considered the platinum standard of the industry based on the quality and the wide spectrum of its services as well as the expertise of the investigators.

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New Currency
There are many forms of currency used in capital markets all around the world, whether you're making a sound investment, paying for a service, or purchasing a new vehicle. 

We all use our currency the same way, but its value depends on the area you are in.  As our world integrates with the cyber world, a new currency called Bitcoin is rapidly emerging.
Bitcoin Risks
Bitcoin is exchanged with a common currency, such as the Canadian dollar.  The present rate for one Bitcoin in Canadian dollars is approximately $800.00 and is stored in your Bitcoin "wallet."

Bitcoin is primarily used online to make purchases, and some big box stores have begun to take notice and have integrated Bitcoin into their websites. 

There remains a large portion of the market that still does not accept Bitcoin, which leaves a massive, ever expanding market for scam artists to profit from.
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Bitcoin Scams
One of the more common Bitcoin schemes is the "Ponzi" scheme, where you are offered a high return investment, and and once the scammers run out of victims to continue to pay back the initial investors, the scheme collapses, leaving many with big losses.

Other Bitcoin exchange scams offer processing fees at a very competitive rate, however, once processed, no Bitcoin funds are credited to your account. 

Last are the Bitcoin "wallet" scams, where users are offered better transaction rates, which entices the user to deposit their funds into a "wallet," where the funds remain locked, and the user is unable to retrieve them.
Contact Us
Please be aware that if you choose to invest in Bitcoin currency, it's wise to have a plan for storing your funds and where you will be spending them.  If you or anyone you know has been a victim of a Bitcoin scam, please contact our firm and learn how we can assist you.  Call our office today at 604-922-6572.