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.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.The Competition Bureau works to protect all Canadians by cracking down on deceptive marketers and ensuring consumers have the information they need to make informed purchasing decisions.Our aims to increase your awareness of the many different kinds of fraud that target Canadians.
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.
This booklet outlines many of the most common types of scams, and lists the contact information of fraud-fighting agencies that are there to help.
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.