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Man Charged in $1.6 Million Cryptocurrency Scam

12/9/2025

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Summary

Story summary

Peel Regional Police charged Hanad Adam, a 31-year-old man, in a cryptocurrency investment scam exceeding $1.6 million.
In 2023, two victims were lured via social media into a legitimate-looking investment.
The victims invested significant amounts and were shown fictitious returns online.
On November 27, Peel Regional Police in Ottawa arrested Hanad Adam, and he faces fraud over $5,000 and possession of property obtained by crime.

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Story summary

Peel Regional Police charged Hanad Adam, a 31-year-old man, in a cryptocurrency investment scam exceeding $1.6 million.
In 2023, two victims were lured via social media into a legitimate-looking investment.
The victims invested significant amounts and were shown fictitious returns online.
On November 27, Peel Regional Police in Ottawa arrested Hanad Adam, and he faces fraud over $5,000 and possession of property obtained by crime.