A Suwanee man reported to police on Nov. 8 that he had been scammed out of $40,000 with fake cryptocurrency.

In April, the man said he set up a trade for $40,000 worth of crypto and connected with someone to arrange the purchase because of a $10,000 limit. The man was instructed to wire transfer $40,000 from his bank account to another account, according to the police report.

He said he received the crypto but realized it was fake when he attempted to send it and was advised it could not be accepted. 

The man connected with his bank to recall the wire transfer, the police report said, but the money had already been taken.