No one is safe from investment fraud
Fraudsters will use websites, social media platforms or dating apps to contact you. They may try to build a romantic or friendly connection with you so they can then offer you an investment opportunity. Although they may appear to be well-intentioned, their goal is to get money out of you.Are you being offered an attractive investment?
Don’t be too hasty
Take time to check where the offer is coming from and whether it’s legitimate.
Ask yourself the right questions
Does the offer seem realistic or exhibit signs of fraud? What should you check before you transfer any money?
These checks will help you avoid fraud.
Tactics common to many types of fraud
Fraudsters will use a number of tactics to trick you. The most common ones include:
- Promising high returns for no risk;
- Pressuring you to make a quick decision;
- Asking you to transfer money by credit card or via Interac e-Transfer;
- Asking for control of your computer, claiming they need to in order to help you carry out a transaction.
Be careful: Fraudsters often target their victims more than once. They may contact you claiming to be a lawyer, financial institution or firm specializing in financial fraud cases and offer to recover the money you lost.
Spot the red flags of fraud
A victim or witness of financial fraud?
Not sure whether an investment opportunity is legal? Think you might be a victim of financial fraud?
Act now:
What to do if you become a victim of fraud
Report fraud or a suspicious situation
Fraud doesn’t only happen to other people!
Think you know what to do to avoid investment fraud? Find out by taking our 10-question quiz.
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