Police issue warning after Penticton resident loses $34,000

PENTICTON – RCMP are warning residents not to send money overseas after a Penticton man fell victim to a scam recently.

Cpl. Don Wrigglesworth says police could do little for a man who sent $34,000 to Ivory Options on Tuesday, Aug. 9.

Ivory Options is an unlicensed binary options broker located in Anguilla.

“We want to remind people not to send money overseas to companies," Wrigglesworth says. "No matter how good the deal sounds, it’s probably too good to be true.” 


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Steve Arstad

Steve Arstad

I have been looking for news in the South Okanagan - SImilkameen for 20 years, having turned a part time lifelong interest into a full time profession. After five years publishing a local newsletter, several years working as a correspondent / stringer for several local newspapers and seven years as editor of a Similkameen weekly newspaper, I joined iNFOnews.ca in 2014. My goal in the news industry has always been to deliver accurate and interesting articles about local people and places. My interest in the profession is life long - from my earliest memories of grade school, I have enjoyed writing.
As an airborne geophysical surveyor I travelled extensively around the globe, conducting helicopter borne mineral surveys.
I also spent several years at an Okanagan Falls based lumber mill, producing glued-wood laminated products.
As a member of the Kaleden community, I have been involved in the Kaleden Volunteer Fire Department for 22 years, and also serve as a trustee on the Kaleden Irrigation District board.
I am currently married to my wife Judy, of 26 years. We are empty-nesters who enjoy living in Kaleden with our Welsh Terrier, Angus, and cat, Tibbs.
Our two daughters, Meagan and Hayley, reside in Richmond and Victoria, respectively.

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