Many individuals have lost their life savings due to this type of fraud.An advance-fee scam is a form of fraud and one of the most common types of confidence trick.Another variant of the scam, dating back to circa 1830, appears very similar to what is passed via email today: "Sir, you will doubtlessly be astonished to be receiving a letter from a person unknown to you, who is about to ask a favour from you...", and goes on to talk of a casket containing 16,000 francs in gold and the diamonds of a late marchioness. It then asked what to do with profits from a .6 million investment, and ended with a telephone number.
For permission to reproduce the information in this publication for commercial purposes, please contact the: Consumer confidence in the marketplace is of the utmost importance for the government.Informed and aware consumers are important players in an innovation economy.The number "419" refers to the section of the Nigerian Criminal Code dealing with fraud, the charges and penalties for offenders.In that con, businessmen were contacted by an individual allegedly trying to smuggle someone connected to a wealthy family out of a prison in Spain.I believe in a Canada that is a nation of innovators, one that is aware and unburdened by the high cost of fraud in both the traditional and digital economies.
Fraudsters are becoming more sophisticated in their methods, but so are consumers.You can make a difference not only in your own life, but in the lives of the people you care about by recognizing, rejecting and reporting fraud.This booklet in its printed, online and video editions is an important step in that direction. Navdeep Bains, Minister of Innovation, Science and Economic Development Fraud is a crime that threatens every Canadian, regardless of their education, age or income.The scam typically involves promising the victim a significant share of a large sum of money, in return for a small up-front payment, which the fraudster requires in order to obtain the large sum.If a victim makes the payment, the fraudster either invents a series of further fees for the victim, or simply disappears.Sh'reen Morrison had been on an online dating site for only a few weeks before she realized that something was seriously wrong with the man who had been actively pursuing her by text message and email.