Arrest Made in Large Scale Cryptocurrency Investment Fraud
Region of Peel – Investigators with the Peel Regional Police Fraud Bureau have arrested and charged an adult male in connection with a large-scale cryptocurrency investment scam totaling more than $1.6 million.
In 2023, two victims were solicited through social media and enticed into participating in what they believed to be a legitimate international cryptocurrency investment opportunity. Both invested significant sums of money and were given access to online investment platforms indicating their initial investment had grown substantially.
It was later determined that these platforms—as well as the reported investment returns—were entirely fictitious.
In total, the losses amounted to approximately $1.6 million.
On Nov. 27, 2025, Peel Police, with support of the Ottawa Police Service, executed a search warrant in the Ottawa area and arrested 31-year-old Hanad Adam of Stittsville. He is charged with the following Criminal Code offences:
- Fraud Over $5,000
- Possession of Property Obtained by Crime
Investigators are reminding the public about ongoing and evolving fraudulent activity surrounding online cryptocurrency investment opportunities, and to take the following precautions:
- Be cautious of unsolicited messages or advertisements on social media promoting cryptocurrency investments, including those claiming to be associated with celebrities or public figures.
- Be aware that fraudulent crypto-asset trading platforms can closely resemble legitimate sites, making them difficult to distinguish.
- Be skeptical of promises of exceptionally high or guaranteed investment returns.
- Verify the identity, credibility, and qualifications of anyone offering investment services.
Investigators are urging anyone who believes they have fallen victim to this scam to contact the Fraud Bureau at (905) 453-3311, ext. 3335.
For more information about fraud and prevention tips, please visit the Canadian Anti-Fraud Centre.
SOCIAL MEDIA
MEDIA CONTACT
Media Relations Officer
Email: media.relations@peelpolice.ca
Phone: 905-453-2121, ext. 4027
NR: 25-315
Inc: PR230321981
Peel Regional Police – A Safer Community Together
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