These financial frauds and scams target anyone. Learn to spot the red flags and protect yourself.
Affinity fraud occurs when a scammer targets tight-knit groups such as associations, unions, social clubs, online social networks, and ethnic or religious communities.
DiscoverBinary options are banned in New Brunswick. They’re high-risk bets on whether the value of an asset like stocks or foreign currency will increase or decrease in a very short period of time (as short as a few minutes).
DiscoverBoiler room scams involve aggressive cold calls promoting “hot” stocks. The company may be fake or real.
DiscoverAlso known as CEO fraud or wire fraud this scam uses fake or hacked emails from executives or suppliers to request wire transfers.
DiscoverScammers pose as Canada Revenue Agency officials, threatening legal action or jail unless you pay immediately. Alternatively, you may receive a text message or email saying you have a refund waiting for you.
DiscoverA person is contacted by someone pretending to be from a collection agency, demanding to be paid for a debt that doesn’t exist. High-pressure tactics are often used to convince the victim that they need to pay right away.
DiscoverCrypto-related scams often promise unrealistic returns with little or no risk to the investor. They use emotions to lure people in, often making a person feel afraid of missing out on an opportunity that others are profiting from.
DiscoverThe scam artist calls pretending to be law official or a loved one (often a grandchild). They say they are in trouble and need money right away, but they want to keep it a secret so they won’t get in trouble with their parents.
DiscoverLicensed door-to-door selling is a legitimate activity, but scams or breaches of the Direct Sellers Act can happen. Missing or incomplete contracts, bad quality products or services, aggressive sales tactics or the customer not getting what they paid for are common complaints the Commission receives.
DiscoverThis scam targets people looking for employment online or through text message. For example, you may be offered a job as a secret shopper or be hired to promote a company or product by wrapping your car in advertisements.
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