Home Crypto Updates Saratoga Resident Loses $1.3M in Cryptocurrency Scam Disaster

Saratoga Resident Loses $1.3M in Cryptocurrency Scam Disaster

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Saratoga Resident Loses $1.3M in Cryptocurrency Scam Disaster

Between May 2 and July 18, a Saratoga resident was defrauded of $1.3 million after being contacted through a messaging application and convinced to invest in cryptocurrency. On July 16-18, another Saratoga resident was contacted through a social media application, asked to paint a portrait, and then sent fraudulent checks, resulting in a $3,000 loss.

On July 18 at 3:27 a.m., a stolen vehicle was spotted at Saratoga and Cox avenues. Deputies located and attempted to stop it, but the driver did not yield and recklessly evaded. The suspect attempted to run over deputies during the incident, but the vehicle was ultimately disabled, and the driver and two passengers were detained. An investigation revealed the vehicle was stolen out of San Jose and the suspect was in possession of drug paraphernalia, Fentanyl and methamphetamine. All three were arrested.

At 9:40 a.m. on July 19, a residential burglary occurred in the 20000 block of Canyon View Drive when someone broke a rear sliding glass door and searched the house.

On July 21 at 2:38 p.m., deputies responded to an automated license plate reader notification for a stolen vehicle at Quito Road and Marshall Lane. The suspects were in possession of methamphetamine, drug paraphernalia, and mail packages stolen from a residence in the 14000 block of Sobey Road. Both suspects were arrested and booked into main jail.

Between 3 p.m. on July 19 and 11 a.m. on July 21, someone stole passports from a mail parcel delivered to a residence in the 19000 block of Via Escuela Drive.

At 1:35 a.m. on July 21, deputies responded to an automated license plate reader notification for a vehicle with stolen license plates at Saratoga Avenue and Highway 85. The driver did not yield and recklessly evaded until the vehicle became disabled. An investigation revealed the license plates were stolen out of San Jose and the vehicle was stolen out of Milpitas. The suspect was in possession of methamphetamine and drug paraphernalia and was driving under the influence of narcotics, and was arrested and booked into main jail.

At 9:35 a.m. on July 21, someone was driving recklessly in the area of Saratoga-Sunnyvale Road and Oak Creek Lane and drove into the victim’s vehicle, breaking a side view mirror, then attempted to reverse into the victim while at a red light, but the victim averted and drove away, resulting in an estimated $800 of damage.