Investor Notices:
Brampton transportation services company owner sentenced for tax fraud
On July 19, the Canada Revenue Agency (CRA) announced Dasonda Singh Khakh was sentenced in the Ontario Court of Justice in Brampton to a conditional sentence of two years less one day and to a fine of $108,562.
BBB warns of increasing wedding scams
As Canada begins the transition back to normal post-pandemic and many resume wedding planning, the Better Business Bureau (BBB) is warning people of wedding scams and provides valuable information on vendors, including caterers, florists, musicians and photographers.
Case dropped against Montreal construction boss owing to “too many documents”
Canadian prosecutors have dropped a fraud case against a former construction executive and four others after a nine-year legal battle.
BBB warns of Amazon raffle scam
In 2020, BBB received 771 reports of scams impersonating Amazon. The bogus raffle and suspicious link are part of a con used to trick people into visiting a phishing website, where they unwittingly share account credentials as well as personal and financial information with fraudsters.
Alberta RCMP warn of Facebook dating app scam
Albeta RCMP are warning the public about a Facebook fraud scam. RCMP recently received a complaint about a citizen who was a victim of a relationship/dating scam.
Fraud charges against Tony Accurso, 4 others, stayed by Crown
Prosecutors had accused Accurso, Francesco Bruno, Francesco Fiorino, Antonio Girardi and Adriano Furgiuele of being part of a corruption scheme at the Canada Revenue Agency.
Scam defrauds St. Albert resident $7,500 in romance scam: RCMP
Police said the resident met a man on the Facebook dating app and began a friendship for about six months.
Fraud and scam reports on the rise in 2021
In the first four months of 2021, there were 33,455 reports of fraud and 19,610 Canadian victims, the Canadian Anti-Fraud Centre reports. The losses as a result of scams amount to a total of $66.7 million. Throughout 2020, the amount lost to fraud was $104.4 million.
Global Fraud Detection and Prevention Market Research Report 2021 released
The Global Fraud Detection and Prevention Market to Reach US$51.3 Billion by the Year 2027.
Ontario police officer accused of working as realtor while on shift
A York Regional Police officer has been charged with fraud, accused of working as a realtor while on shift.
Charter application dismissed in multi-million Cape Breton fraud case
A Nova Scotia judge says the searches of homes belonging to three sisters charged in a $3.6-million tax scheme were routine.
BBB Scam Alert: Watch out for “guaranteed” loans with upfront fees
No matter how much you need a loan, don’t overlook this big red flag. Companines that alledgedly “guarantee” loans without seeing your credit history are likely scams. Advanced fee loans are illegal in Canada.
Five people arrested in alleged cryptocurrency fraud scheme
Five people, including three minors, were arrested Thursday in an apartment in Acton Vale, 90 kilometers east of Montreal, as part of a Sûreté du Québec investigation into an alleged fraud ring that claimed to invest in cryptocurrency. Five people, including three...
RCMP Crime Analysts identify recent trend where businesses are targeted in credit card fraud
Saskatchewan and Alberta RCMP Crime Analysts have identified a recent trend that all business owners should be aware of: a number of businesses across Western Canada have been victims of similar high-dollar frauds in the last six months. What's been happening? Someone...
Ontario Energy Board warns of email rebate scams
If you get an email that looks like it’s from the Ontario Energy Board (OEB) about rebate programs, be extra careful. The board is warning of email scams making the rounds and the emails often look like they’re from them, but they’re not. They typically inlcude a link...
Pandemic likely to drive a surge in immigration fraud, border agency warns
The COVID-19 pandemic is likely to drive an increase in immigration fraud and human smuggling as desperate migrants try to get into Canada, says a strategic intelligence report prepared by the Canada Border Service Agency. The report warns that economic downturns and...
Compensation available to certain victims of decade-old fraud scheme
Almost 11 years ago a pair of respondents to an Ontario Securities Commission (OSC) enforcement proceeding reached settlements with the regulator that included disgorgement. Now, investors who lost money are being invited to file claims to recover their losses. The...
16 people face over 140 charges following investigation into alleged mail theft
Peel police say 16 people are facing over 140 charges following an investigation into alleged mail theft. Police said the investigation initially began as an inquiry into mail theft this past winter. As investigators looked at the reports — over 100 — police said they...
Calgary-based financial advisor charged in multimillion-dollar fraud
A Calgary-based financial advisor has been charged amid allegations that he carried out a multimillion-dollar fraud and collected secret commissions, RCMP say. The Alberta RCMP Integrated Market Enforcement Team (IMET) said Monday that Jeffrey Ber, 38, has been...
Senior recovers money sent in telephone scam
An elderly Greenstone resident who fell for a common telephone scam is one of the lucky ones, provincial police said last month. Though the unidentified victim of the grandparents scam unwittingly mailed some funds to a scammer, the package was recovered and returned...
BBB warns of ‘cheap flight deal’ scams
As travel restrictions are eased across B.C. and Canada, the Better Business Bureau is urging people to be weary of scams.