Anti-fraud centre warns of rising trend in romance/investment scams
The public is warned to be cautious with their hearts and wallets amid a surge in romance/investment scams.
The Canadian Anti-Fraud Centre (CAFC) reports that these scams, often called 'pig butchering,' involve fraudsters exploiting individuals through dating apps and social media platforms.
- Download the CTV News app to get local alerts on your device
- Get the latest local updates sent to your email inbox
Scammers manipulate victims into investing funds or cryptocurrency in fake schemes promising high returns and financial success after establishing relationships and gaining trust.
"Fraudsters use fake online trading platforms and convince victims to transfer funds or cryptocurrency into their trading account," the CAFC noted.
RELATED
- Fraudsters clone Chapman's Ice Cream Facebook page in attempt to scam public
- Officers will never attend a residence seeking bail money, OPP says amid rise in scams
- Public warned about 'Broken Phone Scam'
Cryptocurrency scams attempt to steal money, personal and financial information.
"Cryptocurrencies operate independently of a central bank and are currently unregulated in Canada," the CAFC stated, adding, "No government agencies will ever request payment in the form of cryptocurrencies."
The agency says to never rely on a website and phone number included in unsolicited materials, to fact-check, and do your research for possible scam alerts about investment offers.
Complete information on these scams and how to avoid becoming a victim is available on the CAFC website.
CTVNews.ca Top Stories
B.C. tenants evicted for landlord's use after refusing large rent increase to take over neighbouring suite
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
Mountain guide dies after falling into a crevasse in Banff National Park
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
Expert warns of food consumption habits amid rising prices
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
MPP Sarah Jama asked to leave Ontario legislature for wearing keffiyeh
MPP Sarah Jama was asked to leave the Legislative Assembly of Ontario by House Speaker Ted Arnott on Thursday for wearing a keffiyeh, a garment which has been banned at Queen’s Park.
Charlie Woods, son of Tiger, shoots 81 in U.S. Open qualifier
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
Ex-tabloid publisher testifies he scooped up possibly damaging tales to shield his old friend Trump
As Donald Trump was running for president in 2016, his old friend at the National Enquirer was scooping up potentially damaging stories about the candidate and paying out tens of thousands of dollars to keep them from the public eye.
Here's why provinces aren't following Saskatchewan's lead on the carbon tax home heating fight
After Prime Minister Justin Trudeau said the federal government would still send Canada Carbon Rebate cheques to Saskatchewan residents, despite Saskatchewan Premier Scott Moe's decision to stop collecting the carbon tax on natural gas or home heating, questions were raised about whether other provinces would follow suit. CTV News reached out across the country and here's what we found out.
Montreal actress calls Weinstein ruling 'discouraging' but not surprising
A Montreal actress, who has previously detailed incidents she had with disgraced Hollywood producer Harvey Weinstein, says a New York Court of Appeals decision overturning his 2020 rape conviction is 'discouraging' but not surprising.
Caleb Williams, Jayden Daniels and Drake Maye make it four NFL drafts with quarterbacks going 1-3
Caleb Williams is heading to the Windy City, aiming to become the franchise quarterback Chicago has sought for decades.