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1. www.asc.ca › en › news-and-publicationsInvestor Alert: Fraudulent social media “investment groups ...

   www.asc.ca › en › news-and-publications

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   Jul 9, 2024 · The Canadian Securities Administrators (CSA) warns Canadians about fraudulent “investment groups” promoted on social media like Facebook and Instagram. These groups could be running a scam called a “pump and dump.”

2. www.cbc.ca › news › canadaHere are the top scams in Ontario and tips on how to avoid them

   www.cbc.ca › news › canada

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   Mar 2, 2023 · The scams involve fraudsters setting up fake cryptocurrency investment websites, which look real, and then enticing people to invest on social media.

3. www.securities-administrators.ca › news › csaCSA Investor Alert: Investment scams imitating well-known ...

   www.securities-administrators.ca › news › csa

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   Sep 3, 2021 · How the scam works – giving victims a false sense of security. The scam provides investors with high quality brochures and other investment documents that appear to have been produced by easily recognizable banks, insurance companies, mutual fund companies, etc.

4. www.finra.org › investment-group-imposter-scamsInvestor Alert: Social Media ‘Investment Group’ Imposter ...

   www.finra.org › investment-group-imposter-scams

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   Jan 11, 2024 · Complaints describe bad actors, posing as registered investment advisers, who advertise “stock investment groups” on Instagram and other social media channels and then turn to encrypted group chats on WhatsApp to communicate with interested investors and pitch investments.

5. competition-bureau.canada.ca › fraud-and-scamsHow to report fraud and scams in Canada - Competition Bureau

   competition-bureau.canada.ca › fraud-and-scams

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   Contact the Fraud Reporting System (Canadian Anti-Fraud Centre) or call toll-free at 1-888-495-8501. You can also file a report of a misleading or deceptive marketing practice with the Competition Bureau using the online complaint form. Step 4: Report the incident to the financial institution that transferred the money.

6. consumer.ftc.gov › consumer-alerts › 2023Scammers impersonate well-known companies, recruit for fake ...

   consumer.ftc.gov › consumer-alerts › 2023

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   Aug 8, 2023 · Contact the company directly using a phone number you know to be legitimate — not one you got from the “recruiter.” Or go to the company’s website. If you can’t confirm the job is real, it could be a scam. The FTC has resources to help you spot job scams. If you spot a scam, report it at ReportFraud.ftc.gov.

7. People also ask

   Are social media 'pump and dump' scams a scam?

   • TORONTO – The Canadian Securities Administrators (CSA) warns Canadians about fraudulent “investment groups” promoted on social media like Facebook and Instagram. These groups could be running a scam called a “pump and dump.” How the scam works: Scammers use social media to advertise investment groups promising high returns to would-be investors.

   Investor Alert: Fraudulent social media “investment groups ... - ASC

   www.asc.ca/en/news-and-publications/news-releases/2024/07/july-9-fraudulent-social-media-investment-groups-take-advantage-of-unsuspecting-investors

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   Is a 'pump and dump' scam a scam?

   • These groups could be running a scam called a “pump and dump.” How the scam works: Scammers use social media to advertise investment groups promising high returns to would-be investors. They artificially inflate the price of a stock they own shares of, by hyping it up.

   Investor Alert: Fraudulent social media “investment groups ... - ASC

   www.asc.ca/en/news-and-publications/news-releases/2024/07/july-9-fraudulent-social-media-investment-groups-take-advantage-of-unsuspecting-investors

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   How does a scam work?

   • How the scam works – giving victims a false sense of security The scam provides investors with high quality brochures and other investment documents that appear to have been produced by easily recognizable banks, insurance companies, mutual fund companies, etc.

   CSA Investor Alert: Investment scams imitating well-known financial

   www.securities-administrators.ca/news/csa-investor-alert-investment-scams-imitating-well-known-financial-brands/

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   Are crypto investment groups a scam?

   • While some scammers create fraudulent investment groups that focus specifically on crypto assets, others will solicit investors to purchase stocks or crypto via communications within the same group.

   Investor Alert: Social Media ‘Investment Group’ Imposter Scams on the

   www.finra.org/investors/insights/investment-group-imposter-scams

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   Why should I report a scam?

   • By reporting a scam, you provide law enforcement with the information they need to stop fraudsters and help prevent others from becoming victims. The information you provide is important! Take the following steps if you suspect that you may be or have been a target of fraud. All information related to a scam might be useful as evidence.

   How to report fraud and scams in Canada - Competition Bureau

   competition-bureau.canada.ca/fraud-and-scams/tips-and-advice/how-report-fraud-and-scams-canada

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   What is a grandparent scam?

   • The grandparent scam is another emerging fraud concerning to Armit. It falls within the emergency scam category, which was within the highest reported losses in Ontario last year. Fraudsters target the elderly via landlines pretending to be a relative or grandchild and say they need the grandparent's help with bail money to get out of trouble.

   Here are the top scams in Ontario and tips on how to avoid them

   www.cbc.ca/news/canada/toronto/fraud-scams-tips-avoid-ontario-1.6764432

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8. antifraudcentre-centreantifraude.ca › index-engCanadian Anti-Fraud Centre

   antifraudcentre-centreantifraude.ca › index-eng

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   The Canadian Anti-Fraud Centre collects information on fraud and identity theft. We provide information on past and current scams affecting Canadians. If you think you're a victim of fraud, report it!