Financial frauds and scams target anyone. Explore the most common scams in New Brunswick, from crypto fraud to romance scams, and get practical tips to protect yourself.
Although some opportunities to invest on the FOREX market may be legitimate, investors should use caution. Ads for FOREX opportunities may look legitimate, but usually your money is not invested in anything. It’s simply stolen by the scam artist.
These seminars often promise free meals and “exclusive” investment opportunities. While the investments may not always be fake, they’re often high-risk and not suitable for most people. Scammers use high-pressure sales tactics to push you into decisions before you’ve had time to think.
Beware of anyone asking you to pay a fee, fine, or debt with a gift card. The scammer will usually say they work for a government department and that you owe them money. They often will threaten you with jail time or other legal action if you do not pay right away.
When someone steals and uses another person’s personal information to carry out fraud.
The scammer (posing as an official from IRCC) contacts a newcomer to New Brunswick saying there is a problem with paperwork and a fee needs to be paid. They threaten legal action or even kidnapping if money isn’t sent.
Scam artists send official looking letters to potential victims claiming they have an inheritance waiting to be claimed.
Scam artists design fake websites to look like legitimate lending institutions.
This scam promises huge profits if you send your money “offshore” to another country.
Scammers try to get people to invest in fake oil and gas companies or fake investments tied to natural gas, wind, and solar energy.
Scammers promise to give you early access to your locked-in pension funds, or access to your claiming there’s a legal “loophole” to avoid paying taxes or penalties.
Phishing is an attempt to steal your personal information by masquerading as an authentic organization.
An investment fraud that’s made to seem plausible by the payment of quick returns to the first investors from money invested by later investors.