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.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.
We hope this book will increase your awareness of the vast array of scams that target Canadians and share with you some easy steps you can take to protect yourself.The scammers make their money by making you pay fees or taxes, call their premium rate phone numbers or send premium text messages to claim your prize. Don’t give away your banking information or any other personal information — EVER. In a typical pyramid scheme, unsuspecting investors are encouraged to pay large membership fees to participate in moneymaking ventures.These premium rate calls can be very expensive, and the scammers will try to keep you on the line for a long time or ask you to call a different premium rate number. The only way for you to ever recover any money is to convince other people to join and to part with their money as well.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.There are often costs involved with claiming your prize, and even if you do receive a prize, it may not be what was promised to you. Be wary of premium rate phone numbers or premium texts Don’t send money for fees or taxes to people you don’t know and trust… Calls to premium rate phone numbers or premium text messages can be very expensive.