Scam Alert

11/10/2023

The Navarro County Sheriff's Office has received several complaints from citizens about being scammed out of hundreds of thousands of dollars by using cryptocurrency machines as a platform to commit scams.

The victims reported using cryptocurrency machines in Navarro and surrounding counties when they were scammed.

The scammers are contacting potential victims and advising them that employees of their bank are involved in money laundering and that the bank and the potential victim are going to be under investigation. The scammers ask the potential victim not to tell anyone about the investigation.

The potential victims are being told that their accounts will be frozen and all money will be removed from them and that their money will be safe and secure by converting it to cryptocurrency.

The potential victim is then advised to go to a cryptocurrency machine and asked to place all of their money into the machine with an account number that is provided by the scammer.

Once U.S. Currency is placed into these machines the money is non-returnable. The scammers immediately move it from the provided account number into another. This process can be done numerous times, making the transactions untraceable.

The Navarro County Sheriff's Office is encouraging citizens if they run into this type of scam to contact their financial institutions in person to verify the claims by the scammers and to contact NCSO.