Category: Fraud

    How to Protect Your Money In Less Than Five Minutes

    I receive calls every week from across Manitoba from people of every age who have lost money to investment fraud. Some have lost as little as $250 and some as much as $600,000. Regardless of the amount, the bottom line is that once you hand your money over to a fraudster, it is very unlikely […]

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    Far away From Family: Three things we can do to protect loved ones from the financial pitfalls of isolation

    I can remember visiting my grandma well into her 90’s and I always marveled at the phone calls and drop in visitors that she had from family and friends. The phone calls and visits were instrumental in keeping her connected to and safe from the outside world. My grandma had eight children and 46 grandchildren, […]

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    Easy Habits to Avoid Investment Fraud

    “What’s the first thing you do when you get into a car?” “Buckle your seatbelt?” “No.” “Check the mirrors?” “Nope.” “Start the car… ?” “Lock your doors.” My driving instructor was a newcomer to Canada, and grew up in a city with a very serious crime problem. Although Winnipeg is relatively much safer, he made […]

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    How to Spot an Investment Scam Like a Pro – Pt.2

    PART TWO of TWO A MoneySmart Guest Blog Rule 3# – Be wary of high-pressure tactics and a need to ‘act fast’ I use a pseudonym, covert email address and phone number to hide my identity as a government investigator. Given the suspect information that I have uncovered so far, I request more information from […]

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    How to Spot an Investment Scam Like a Pro – Part 1

    PART ONE of TWO A MoneySmart Guest Blog Investment scams are an unfortunate fact of life in Canada. They are often sophisticated operations, run by highly-skilled, smooth-talking people who have years of experience in committing fraud. Well-educated and intelligent people are taken in by investment scams all the time. So how do you protect yourself […]

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