This booklet in its printed, online and video editions is an important step in that direction. Navdeep Bains, Minister of Innovation, Science and Economic Development Fraud is a crime that threatens every Canadian, regardless of their education, age or income.Scammers use a variety of devious tactics to defraud unsuspecting victims, such as imitating well‑known brands online and using deceptive claims to entice consumers through telemarketing, emails or social media.This booklet outlines many of the most common types of scams, and lists the contact information of fraud-fighting agencies that are there to help.I believe in a Canada that is a nation of innovators, one that is aware and unburdened by the high cost of fraud in both the traditional and digital economies.Scammers target people of all backgrounds, ages and income levels.Fake lotteries, Internet frauds, get‑rich‑quick schemes and miracle health cures are some of the favoured means of separating the unwary from their money. The Competition Bureau has seen the devastating effects scams can have on people and their families.And if you have provided other personal details, your identity could be misused too. Fact is, if you didn’t enter a contest, or buy a ticket, there’s no way you are a lawful, legal winner of ANYTHING…A fake prize scam will tell you that you have won a prize or a contest. and your “scam alert” should be ringing in your head.
Ponzi schemes are fraudulent investment operations that work in a similar way to pyramid schemes. Be very careful when someone offers you money to help transfer their funds.People are often persuaded to join by family members or friends.But there is no guarantee that you will recoup your initial investment.One of the best ways to combat this kind of fraud is to take measures to prevent yourself from being caught in the first place.If you want to stay on top of scams, inform yourself on how to recognize the various types of scams and protect your personal information by visiting law enforcement organizations' websites, the Canadian Anti-Fraud Centre or other reputable organizations.
Your guide to protection against fraud First published by the Competition Bureau Canada 2012 Reproduced with permission from the Australian Competition and Consumer Commission Illustrations by Pat Campbell Except as otherwise specifically noted, the information in this publication may be reproduced, in part or in whole and by any means, without charge or further permission from the Competition Bureau provided due diligence is exercised in ensuring the accuracy of the information reproduced; that the Competition Bureau is identified as the source institution; and that the reproduction is not represented as an official version of the information reproduced, nor as having been made in affiliation with, or with the endorsement of the Competition Bureau.