It provides tips on how to protect yourself and debunks common myths that might allow fraudsters to gain your trust.
Since we first launched the booklet in March 2012, it has remained one of our most popular publications.
People are often persuaded to join by family members or friends.
One of the best ways to combat this kind of fraud is to take measures to prevent yourself from being caught in the first place.
If you want to stay on top of scams, inform yourself on how to recognize the various types of scams and protect your personal information by visiting law enforcement organizations' websites, the Canadian Anti-Fraud Centre or other reputable organizations.
Many lottery scams try to trick you into providing your banking and personal details to claim your prize.
You should not have to pay any fee or tax to claim a legitimate prize.
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.The scammers make their money by making you pay fees or taxes, call their premium rate phone numbers or send premium text messages to claim your prize. Don’t give away your banking information or any other personal information — EVER. In a typical pyramid scheme, unsuspecting investors are encouraged to pay large membership fees to participate in moneymaking ventures.These premium rate calls can be very expensive, and the scammers will try to keep you on the line for a long time or ask you to call a different premium rate number. The only way for you to ever recover any money is to convince other people to join and to part with their money as well.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.For permission to reproduce the information in this publication for commercial purposes, please contact the: Consumer confidence in the marketplace is of the utmost importance for the government.Scammers target people of all backgrounds, ages and income levels.