Cryptocurrency scam costs Lincoln family $700,000, police say

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LINCOLN, Neb. (KLKN) – A family has lost $700,000 in an online scam involving cryptocurrency, Lincoln Police say

The scam was reported to the police on Monday.  The three victims told police they had been investing in cryptocurrency when their funds were suddenly locked.

An unknown person then told the three family members they needed to continue investing to unlock their frozen funds, police say.

The three victims ages 39, 43 and 77 years old reported the scam to the police after they were unable to get into their accounts.

Police say 39-year-old lost $220,000; a 43-year-old lost $335,000; and a 77-year-old lost $145,000 in the scam.

The investigation is ongoing and anyone with information is asked to call Lincoln Police at 402-441-6000.