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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.Informed and aware consumers are important players in an innovation economy.That’s why we encourage all Canadians to empower themselves by reading and take note of its tips on how to stop fraudsters in their tracks.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.Although pyramid schemes are often cleverly disguised, they make money by recruiting people rather than by selling a legitimate product or providing a service.Pyramid schemes inevitably collapse and you will lose your money.