Ongoing Scams

Fraud is one of the fastest growing crimes in North America. If you are a victim of Fraud and/or Identity Theft/Identity Fraud. Report it now. Thereare countless fraud types. and fraudsters always make up new frauds in order to make money. They use many of the same long standing frauds, and add a twist or combine multiple fraud types into a larger fraud. Here is a list of some of the most common types of fraud.

Identity Theft

Occurs when a person uses a victim's personal information for a criminal purpose.

Internet Frauds

1)  Phishing

  • A fraudster uses emails, text messages or websites pretending to be from a legitimate company such as a financial institution or government agency. The victim is led to believe that they must confirm their personal and/or financial information, which is intended for a criminal purpose.   

2)  Ransomware

  • A computer virus that blocks a victim's access to their computer, including important personal data, until money or virtual currency is paid to the fraudster. The fraudster claims that the victim will receive access to their data once a fee has been paid. The fraudster may or may not restore the victim's access. The victim suffers the financial loss.

Scams

1)    Advance Payment Scams (Prize, Lottery, Inheritance Scams)

  • The fraudster tells a victim that the victim has won a lottery or prize, or is the beneficiary of a large inheritance. The victim is required to pay a fee in order to receive the money. The victim suffers the financial loss.

2)    Cheque Fraud

  • The fraudster presents a real cheque that was stolen or altered, or a fake cheque.

3)    Door-to-Door Scams / Service Scams

  • The fraudster pressures the victim into buying a product or service that is not needed or the product or service price is inflated. The victim suffers the financial loss.

4)    Emergency Scams (often called Grandparent Scams)

  • The fraudster contacts the victim claiming that a family member is in crisis and needs money. The victim is directed to send money immediately. The victim suffers the financial loss.

5)    Employment Scams / Job Scams

  • The victim applies for a job and is selected. The fraudster sends the victim a cheque. The victim is told to keep a portion of the cheque amount for their work. The remaining amount is sent elsewhere. The job and cheque are fakes. The victim suffers the financial loss.
Extortion Scams

1)  Ransomware

  • A computer virus that blocks a victim's access to their computer, including important personal data, until money or virtual currency is paid to the fraudster. The fraudster claims that the victim will receive access to their data once a fee has been paid. The fraudster may or may not restore the victim's access. The victim suffers the financial loss.

2)  Canada Revenue Agency (CRA) Scams

  • The fraudster claims to be with the Canada Revenue Agency (CRA), and advises the victim that the victim owes money to the CRA. In order to avoid arrest or a fine, the victim must pay a fee immediately. The victim suffers the financial loss.

3)  Immigration Scams

  • The fraudster claims to be with Immigration Canada (official name - Immigration, Refugees and Citizenship Canada (IRCC)), and advises the victim that there is a problem with the victim's documents. In order to avoid arrest, deportation or loss of citizenship, the victim must pay a fee immediately. The victim suffers the financial loss.
Investment Scams
  • The fraudster persuades the victim to invest in investments with inflated returns. The investments are later determined to be worthless or non-existent. The victim suffers the financial loss.  
Overpayment Scams
  • A fraudster contacts the victim who is selling a product. The fraudster pays the victim with a cheque in an amount above the asking price. The victim is directed to send the excess funds elsewhere. The cheque is fake. The victim suffers the financial loss.
Romance Scams
  •  A fraudster gains the trust and affection of the victim. Eventually the fraudster asks the victim for money, typically for a crisis. The victim continues to send money until they realize it is a fraud or no more money is available. The victim suffers the financial loss.
Debit Card / Credit Card Fraud (Payment Card Fraud)
  • The fraudster uses a device to tamper an Automated Bank/Teller Machine (ABM/ATM) or Point of Sale payment terminal ('debit machine') to capture data from a payment card and/or Personal Identification Number (PIN); then uses the information to make purchases.
  • For more information on Payment Card Fraud, and to avoid being a victim, visit the Canadian Anti-Fraud Centre, watch a Bank of Canada Video, and visit Interac.
Counterfeit Currency
  •  The fraudster produces imitation money to look like real money. The victim suffers the financial loss. 

 

 

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