Investor Notices:
Fraud Prevention Month 2023
Sadly, the COVID-19 pandemic triggered a new wave of scammers and criminals who want to continue to take advantage of Canadians – in anyway they can. March is Fraud Prevention Month, but that doesn’t mean every month shouldn't be a month to be mindful and vigilant...
Former Norfolk youth soccer club treasurer charged with fraud, OPP says
Police say 33-year-old Norfolk man stole 'thousands of dollars'. Ontario Provincial Police (OPP) says the former treasurer of a youth soccer club in Norfolk county has been charged with fraud of over $5,000. OPP said it received a complaint from...
‘The Language of Fraud’ is contributing to scams in Canada
An analysis by Visa shows such language leads Canadians to respond to unsolicited texts and emails. Digital scams are more common than ever, and language has played an important role in popularizing them. According to a recent analysis by Visa, fraudsters create...
A couple in Canada were reportedly scammed out of $21,000 after getting a call from an AI-generated voice pretending to be their son
Benjamin Perkin told The Washington Post his parents got a call from someone claiming to be a lawyer who told them their son needed money for legal fees, and used an AI-generated voice to ask his parents for money. A couple in Canada were reportedly scammed out...
The anatomy of a stolen home — and how 3 suspects got caught
CBC News has learned exclusive details behind an alleged title fraud in January that led to 3 arrests. It began as a typical phone call for Niroosan (Niro) Vivekanantharajah — someone who found him on Google, asking for his help in closing a home...
Reno gone wrong: Toronto-based contractor, Todd Miller takes $82K, disappears
The project began in late 2021 when the customer, whose first name is Jeff, hired Miller Building Group, operated by Todd Miller. Global News has agreed to withhold Jeff's surname because of concerns for his safety, unrelated to this story. "Nothing but excuses, lies...
Ottawa woman says she lost $100,000 in an online investment cyber crime
Deborah Klein thought she bought a safe and guaranteed investment through an online site, but as it turns out, it was an elaborate scam. "To save that $100,000 it took working eight years, three days a week," Klein tells CTV News Ottawa, as she looks through stacks of...
Urthurton Phiri of Edmonton Sentenced to 10 Months Jail for Gems Fraud
Staff Reporter, Canadian Fraud News Inc. On January 20, 2023, the Alberta Court of Appeal upheld a 10 month jail sentence imposed by Justice Creagh in Edmonton against Zimbabwe immigrant Urthurton Phiri. The 10 month jail sentence resulted from a $15,00 fraud related...
Amanda Diane Durette-Acker of New Brunswick Sentenced to 12 Months Jail for On-Line Dating Fraud
Staff Reporter, Canadian Fraud News Inc. On January 29, 2021, Justice Cameron Gunn sentenced New Brunswick native Amanda Diane Durette-Acker to 12 months jail for perpetrating a $130,000 on-line dating fraud on an Edmonton man. The published decision was not released...
Eight people arrested, charged in Norval Morrisseau art fraud investigation
Eight people have been arrested in an investigation into alleged fraudulent art sold for years under the name of famous Indigenous artist Norval Morrisseau, Ontario Provincial Police said Friday, noting some works were bought for tens of thousands of dollars. More...
As fraudsters grow more sophisticated, businesses eye technology to stay one step ahead
KPMG in Canada survey finds 85 per cent of organizations are looking at emerging technologies to cut fraud risk A majority of businesses across Canada experienced some form of fraud over the past year as scammers grew increasingly sophisticated, causing most...
B.C. lawyer that accepted $45,000 in $20 bills gets suspended
A B.C. lawyer who accepted $45,000 in $20 bills has been suspended for 10 weeks due to a multitude of financial irregularities. According to a Feb. 15 Law Society of B.C. decision, Abbotsford-based lawyer Randle W. Howarth improperly used his firm's trust account to...
If fraudsters don’t pay court ordered restitution in Ontario it’s up to victims to try to collect
Unclear how much of nearly half a billion in restitution ordered for Ontario fraud victims is actually paid. arin Smith and her then husband were just trying to pay off their mortgage a little faster. But after the investment opportunity they agreed to in...
Only a fraction of fraud cases make it through Ontario’s justice system — and it’s getting worse
Limited resources, expertise and prioritizing violent crime all factors, fraud experts say Ontario: yours to defraud? In recent years, CBC Toronto has reported on a slew of alleged frauds that have upended the lives of countless victims in Ontario. The stories have...
Three arrested in massive hacking, data theft and blackmail probe
Amsterdam’s cyber crime police team has arrested three young men as part of a major investigation into hacking, data theft, blackmail and money laundering involving the private details of tens of millions of people. The three, aged 21 and 18, were picked up on...
Vancouver charity leader speaks out after being targeted in fake advertising scheme
A Vancouver-based charity says it has been targeted and ripped off by a scamming operation. The Stigma-Free Society, which is a charity focused on “combating stigma of all kinds with a focus on mental health,” said it was targeted by a scamming operation...
‘This is a scam’: Fraudsters using fake Service Canada letter to demand money
The Canadian Anti-Fraud Centre is warning the public about a new scam. Fraudsters are claiming to be Service Canada over email in an effort to get people to send them money, according to the Canadian Anti-Fraud Centre. In a warning issued to the public...
Multi-layered door-to-door sales scam could cost you your home
"A person visits you and says you have won a class-action lawsuit regarding the installation of your equipment and the money can only be used toward renovations to your home" Ontario's Serious Fraud Office (SFO) is shining a light on a multi-layered door-to-door sales...
SEC charges Do Kwon, Terraform with fraud in connection with Terra collapse
The SEC charged Terraform and its CEO Do Kwon with defrauding investors. Kwon and Terraform perpetrated a "multi-billion" dollar fraud against investors as part of marketing the TerraUSD and luna coins, which collapsed in May 2022. Kwon is a fugitive, and may be in...
Ontario regulator warns real estate agents to watch for signs of fraudulent home sales
The body that regulates Ontario's 100,000 real estate agents and brokers is urging them to be more vigilant when verifying the identity of a client, amid a wave of fraudulent home sales and mortgages in the Toronto area. The Real Estate Council of...
Title fraud on the rise, property owners need to protect themselves
It’s difficult to imagine someone could sell a home without the owner knowing – or that a purchase could be made under fraudulent terms without the buyer realizing – but situations like this are happening right now in Canada. The number of people whose homes are being...