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A Colorado man lost $1.4 million in a romance scam after meeting a woman on the dating site Ashley Madison who gained his trust and convinced him to invest in cryptocurrency, claiming she could help protect his finances in case of divorce. Over six weeks, he made four separate cryptocurrency transfers that depleted his retirement and savings accounts before realizing the money was gone. Colorado Bureau of Investigation officials warn that romance scammers exploit emotional vulnerabilities to build trust before introducing investment pitches, and advise people to be cautious of requests for money, promises of high returns, and conversations shifted to encrypted messaging apps.

A Colorado man lost $1.4 million in a cryptocurrency romance scam after meeting a woman on a dating website who posed as a successful businesswoman and crypto investor, convincing him to transfer his savings and retirement funds for cryptocurrency investments over six weeks. When he attempted to withdraw his purported earnings, he was denied access and asked for an additional $400,000, a red flag that prompted his sister to alert authorities; a Colorado Bureau of Investigation agent confirmed this was the largest such loss he had encountered, with recovery prospects described as "likely slim" due to the funds being traced to an offline cryptocurrency wallet.

The Larimer County Sheriff's Office warned of scams in which fraudsters impersonated Social Security, Medicare, Medicaid, and SNAP employees to solicit personal information from residents under the guise of providing "priority assistance" during the government shutdown. The scammers contacted victims via phone calls and text messages, and authorities cautioned that legitimate government agencies do not initiate contact through these methods and that caller IDs can be easily spoofed. The sheriff's office advised residents to avoid sharing personal information with unsolicited callers and to never pay unknown individuals using cryptocurrency, gift cards, wire transfers, or money transfer apps.

A Colorado Springs woman lost her entire $37,000 inheritance to a cryptocurrency investment scam after seeing a fraudulent post from a hacked friend's Facebook account. The scammers used a sophisticated multi-layered approach, including fake Bitcoin wallet instructions and a spoofed cryptocurrency website, to make the scheme appear legitimate and promise returns of $194,000. The victim, who was grieving her recently reconnected father, received nothing when she attempted to withdraw her funds, illustrating how investment fraud remains the top scam in Colorado with nearly 15,000 reports in 2024.