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Posted by / 01-Jan-2018 16:56

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.

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.

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.You cannot win money or a prize in a lottery unless you have entered it yourself, or someone else has entered it on your behalf.You cannot be chosen as a random winner if you don't have an entry.We’ve distributed more than 100,000 printed copies to Canadians, and our online version has been visited or downloaded from the Competition Bureau’s website more than 250,000 times.I am very grateful to the Australian Competition and Consumer Commission, who originally developed The and telephone scams.

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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.