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Fraudsters are becoming more sophisticated in their methods, but so are consumers.
You can make a difference not only in your own life, but in the lives of the people you care about by recognizing, rejecting and reporting fraud.
People are often persuaded to join by family members or friends.
But there is no guarantee that you will recoup your initial investment.
Many lottery scams try to trick you into providing your banking and personal details to claim your prize.
You should not have to pay any fee or tax to claim a legitimate prize.
Don't be fooled by claims that the offer is legal or has government approval—many scammers will tell you this. Scammers and fraudsters play upon the universal desire to win big… with lottery, sweepstakes and contest scams designed to put money in their pockets… as they profit by making you pay premium text or phone rates, bogus “fees” or hidden costs.
Instead of receiving a grand prize or fortune, you will lose every cent that you send to a scammer. Even worse, many of these scams are designed SPECIFICALLY to steal your banking and other personal information… after which the fraudsters cash in by stealing from you or holding your data for ransom.
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.We’ve distributed more than 100,000 printed copies to Canadians, and our online version has been visited or downloaded from the Competition Bureau’s website more than 250,000 times.I am very grateful to the Australian Competition and Consumer Commission, who originally developed The and telephone scams.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.
You may receive a phone call, an email, a text message or see a screen on your computer. You’ve just won a lottery/a cruise/a shopping spree/a BRAND… Here’s a “winning” formula: Only buy legitimate tickets for lotteries… Examine all of the terms and conditions of any offer very carefully—claims of free or very cheap offers often have hidden costs.