The Reality of Fraud 


By August the Canadian Anti-Fraud Centre (CAFC) had already received over 20,000 reports of fraud with over $43 million in losses for 2019. While that number is already high, the CAFC estimates that only 5% of victims report fraud to law enforcement agencies, which means the true financial cost of fraud could be closer to a billion dollars by 2020. Fraud often goes unreported because victims are ashamed of themselves and too embarrassed to admit they fell for what now seems like a pretty obvious scam. The important thing to remember is – you are not alone. People don’t fall for scams because they are stupid or gullible, they fall for them because the fraudsters are masters of deception. They know what to say and how to say it so that you feel flustered and scared and comply for fear of what will happen if you don’t. What’s even more disconcerting is they will take advantage of your kind heart and/or desperate financial situation. The CAFC is the central agency in Canada that gathers information and criminal intelligence on all different frauds including romance scams, advance fee fraud, identity theft and mass marketing fraud (ex: send out thousands of e-mails requesting personal information under false pretenses hoping that someone will bite). By visiting the CAFC website, you can learn about the trending scams, how to spot them and how to report it. Outlined below are the most common scams our members have encountered, signs indicating you have been scammed and step-by-step instructions to follow if you are targeted.​


Trending Scams

Other Prevalent Frauds