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Online fraud targeting young Albertans: report

April 21, 2021 – Online investment scams among young Albertans are on the rise, according to the Alberta Securities Commission (ASC). Statistics from the ASC – the regulatory agency responsible for administering the province’s securities laws – show incidents of fraud are decreasing among older Albertans, but on the rise for people under 35.

During the pandemic, more Albertans are working from home than ever before. The novel coronavirus has created economic and market volatility around the world, resulting in uncertainty and vulnerability leading many to search for alternative incomes such as day-trading in financial markets and cryptocurrency exchange. Because of this, an environment has been created in which scam artists can intensify their efforts and target Albertans. St. Albert Today reports. | READ MORE