Stratford Police are investigating a bitcoin company which has allegedly defrauded a resident out of nearly $350,000.
Police say the person who made the complaint on Tuesday was investing with TetherTrade.com which had recently changed their name to Coinrally.
The victim said they were speaking with people over the phone and online working from various locations around the world.
When the victim attempted to get a withdraw from his investments he was told he would need to pay a deposit to receive his money. He also was threatened to release his personal information before he could get his money back.
The end result had the person reportedly lose an estimated $348,000.
Stratford police urge the public to research before making any online investment or providing personal information online.