You may receive a phone call, an email, a text message or see a screen on your computer. You’ve just won a lottery/a cruise/a shopping spree/a BRAND… Here’s a “winning” formula: Only buy legitimate tickets for lotteries… Examine all of the terms and conditions of any offer very carefully—claims of free or very cheap offers often have hidden costs.There are often costs involved with claiming your prize, and even if you do receive a prize, it may not be what was promised to you. Be wary of premium rate phone numbers or premium texts Don’t send money for fees or taxes to people you don’t know and trust… Calls to premium rate phone numbers or premium text messages can be very expensive.Informed and aware consumers are important players in an innovation economy.That’s why we encourage all Canadians to empower themselves by reading and take note of its tips on how to stop fraudsters in their tracks.Although pyramid schemes are often cleverly disguised, they make money by recruiting people rather than by selling a legitimate product or providing a service.Pyramid schemes inevitably collapse and you will lose your money.Your guide to protection against fraud First published by the Competition Bureau Canada 2012 Reproduced with permission from the Australian Competition and Consumer Commission Illustrations by Pat Campbell Except as otherwise specifically noted, the information in this publication may be reproduced, in part or in whole and by any means, without charge or further permission from the Competition Bureau provided due diligence is exercised in ensuring the accuracy of the information reproduced; that the Competition Bureau is identified as the source institution; and that the reproduction is not represented as an official version of the information reproduced, nor as having been made in affiliation with, or with the endorsement of the Competition Bureau.
Ponzi schemes are fraudulent investment operations that work in a similar way to pyramid schemes. Be very careful when someone offers you money to help transfer their funds.And if you have provided other personal details, your identity could be misused too. Fact is, if you didn’t enter a contest, or buy a ticket, there’s no way you are a lawful, legal winner of ANYTHING…A fake prize scam will tell you that you have won a prize or a contest. and your “scam alert” should be ringing in your head.We are pleased to bring you the first Canadian edition of The Little Black Book of Scams.We hope this book will increase your awareness of the vast array of scams that target Canadians and share with you some easy steps you can take to protect yourself.This booklet outlines many of the most common types of scams, and lists the contact information of fraud-fighting agencies that are there to help.