FRAUD – How to Recognize a Scam!

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22 Jun FRAUD – How to Recognize a Scam!

Industry Canada has a great website with a section on Fraud in Canada and how to prevent becoming a victim.

They describe Fraudsters as professional criminals and are known to rely on some basic techniques to be successful.  These Include:

  • Having professional looking marketing materials;
  • Providing believable answers to your questions;
  • Impersonating government agencies,  legitimate businesses websites, charities, and causes;
  • Pretending to by your ordinary supplier;
  • Hiding the true details in the fine print;
  • Preying on areas or vulnerability;
  • Asking for fees in advance of promised services;
  • Threatening legal action to collect on alleged contracts; and
  • Exchanging victim lists with other fraudsters.

On Industry Canada’s website they have a list of common scams and tips on how one could avoid them.

Here is an example of one:

Work-at-home Job Opportunity Scams

Job opportunity scams in the marketplace are often designed simply to steal your money. These fraudulent schemes frequently require you to pay money before you even begin to work or before you are given details on the type of opportunities available. Sometimes there really are no jobs available.

Beware!

These fraudulent work schemes could also demand much more of your time than you could have imagined. In the end, often what seemed too good to be true turns out to be just that.

Tips

To avoid wasting your time and money, watch for the following signs that may warn you that a job opportunity might be fraudulent:

  • claims of little effort required and extremely high earning potential;
  • requirements for you to pay money upfront;
  • requirements to complete a credit report or provide bank information for direct deposit of pay cheques as these may just be a means to steal both your money and identity; and
  • claims that “no experience” is necessary.

To learn more about fraud in Canada, check out Industry Canada’s website.