In Canada, it is a crime to promote a pyramid scheme or even to participate in one.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.
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.
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.
Don't be fooled by claims that the offer is legal or has government approval—many scammers will tell you this. Scammers and fraudsters play upon the universal desire to win big… with lottery, sweepstakes and contest scams designed to put money in their pockets… as they profit by making you pay premium text or phone rates, bogus “fees” or hidden costs.
Instead of receiving a grand prize or fortune, you will lose every cent that you send to a scammer. Even worse, many of these scams are designed SPECIFICALLY to steal your banking and other personal information… after which the fraudsters cash in by stealing from you or holding your data for ransom.This booklet in its printed, online and video editions is an important step in that direction. Navdeep Bains, Minister of Innovation, Science and Economic Development Fraud is a crime that threatens every Canadian, regardless of their education, age or income.Scammers use a variety of devious tactics to defraud unsuspecting victims, such as imitating well‑known brands online and using deceptive claims to entice consumers through telemarketing, emails or social media.Scammers target people of all backgrounds, ages and income levels.Fake lotteries, Internet frauds, get‑rich‑quick schemes and miracle health cures are some of the favoured means of separating the unwary from their money. The Competition Bureau has seen the devastating effects scams can have on people and their families.Many lottery scams try to trick you into providing your banking and personal details to claim your prize.