Investment Scams – If it seems too good to be true… it is.

Investment scams are a focus during Fraud Prevention Month, exploiting economic stress to target individuals with promises of high returns and low risk. Common scams include social media fraud, Ponzi schemes, and cryptocurrency schemes. Red flags include unrealistic return promises, pressure to invest quickly, and unregistered sellers. It's crucial to verify offers, be cautious of unsolicited investments, and only engage with regulated organizations. Report any suspicious activity to the Canadian Anti-Fraud Centre or local authorities if a loss has occurred.