In 2019, the CAFC received 46,465 fraud reports from Canadian consumers and businesses.
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New Brunswickers lost a reported $3.5 million to fraud over the past three years.
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All fraudsters have their tools of the trade. In order for their fraud to be successful, they require a way to communicate with their potential victims.
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The Canadian Securities Administrators (CSA) is warning investors about companies claiming to have products or services that will prevent, detect or cure coronavirus (COVID-19) infection.
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As COVID-19 (coronavirus) pandemic continues, the CAFC is warning the public to be on the lookout for associated scams.
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Canadians are receiving a threatening email from an unfamiliar contact.
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Many Canadians are experiencing financial hardship as a consequence of the current pandemic.
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Red Flags of Fraud
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As the CAFC surpasses 1000 reports of criminals trying to profit from the COVID-19 pandemic, we urge Canadians to be on the look-out for frauds and scams.