- Investigative journalist integral to Panama Papers Project, killed in bomb blast
- Waterloo financial advisor led lavish lifestyle, defrauded investors out of 10 million
- Ontario government suing company accused of misappropriating millions allocated towards First Nation community.
- Fraud Victim, Wen Li, Removed From Canada Although A Witness In The Alleged Panasian Global Inc. Fraud
- Orangeville residents fall victim to Canadian Revenue Agency scam.
In a collaboration between Canadian Fraud News Inc. and Investigation Counsel PC, ten animations about fraud were created. These videos explain the meaning of different types of fraud and what victims should know if it happens to them.
What Is Immigration Fraud?
This animation explains the scam and what victims should know about immigration fraud. Immigration fraud happens when foreign citizens, attempting to obtain permanent residency in Canada, are being exploited. This fraud is often perpetrated either by immigration consultants operating within Canada, or foreign immigration ‘professionals’. They pay a lot of money to later be rejected by Immigration Canada.
What Is Relationship Fraud?
This animation explains these schemes and what victims should know about relationship or romance fraud. Scammers in these fraud cases are masters of manipulation, tricking you into giving away your love, your money and even your whole life. Romance frauds are the most lucrative scam in Canada. In four years time, Canadians have reported losses of almost 50 million to authorities. And that probably is only a small percentage of victims that tell what has happened to them.
What is Consumer Fraud?
This animation explains these scams and what victims should know about consumer fraud. Consumer frauds are unlawful practices to scam consumers into paying a lot of money for misrepresented goods or services. Consumer fraud has endless variations: false advertising, phone- or email scams, identity theft, and credit card fraud. In 2015 ID theft resulted in a total loss or more than 10 million dollars.
What Is Insurance Fraud?
This animation explains these scams and what victims should know about insurance fraud. There are two kinds of insurance fraud. First there are the exaggerated claims for damages and second are the schemes designed to be fraudulent from the beginning. In 2012, research showed that auto insurance fraud in Ontario costs insurers up to $1.6 billion a year, and accounts as much as 18% of total claims.
What is Power Of Attorney Fraud ?
This animation explains these scams and what victims should know about power of attorney fraud. Power of Attorney is a legal document that you sign to give another person the authority to manage your money and property on your behalf. In fraud cases, dishonest attorneys abuse their authority and use it as a license to steal. It is the most common form of elderly abuse in Canada, using lies and deceit. Elderly loose millions of dollars every year and experts expect the financial abuse to grow as the baby boomers age.
What Is Employee Fraud
This animation explains these scams and what employers should know about employee fraud. Employee fraud is committed against a company or organization by someone who is working for it. Variations in the types of employee frauds are endless. For example common thefts, as well as payment, receipt and procurement frauds. It also includes employees exploiting corporate intellectual property and information. In this age of technology, the risk of employee theft and fraud has increased substantially. Business information is easy to access and hard to protect. Employee fraud is a serious problem that affects about 50% of business every year.
What is Corporate Fraud?
This animation explains corporate schemes and what victims should know about corporate fraud. We define corporate fraud as a loss to a corporation caused by deceitful managing. It can also happen in case of conduct by omission of the officers and directors of the corporation. Research showed that one-in-five business leaders believe that bribery or corruption occur widely in industries across Canada. About 12% of Canadian executives report that their organization had experienced a “significant fraud” in the past two years.
What is Mortgage Fraud
This animation explains the real estate scams and shows what victims should know about mortgage fraud. Mortgage fraud is often perpetrated on a financial institution, but also commonly occurs with private mortgages that are registered on title. It commonly involves misleading or false information during the mortgage application process. Sometimes the mortgage is placed on a victim’s home through an identify theft scheme. Research has shown that 1 in 10 mortgage applications have some element of fraud. Credit bureaus say they flag nearly $1-billion dollars worth of attempted mortgage fraud among its lender clients in about two years.
What is Psychic Fraud
This animation explains the spiritualists scam and what victims should know about psychic fraud. Spiritualism has been defined as a belief that spirits of the dead or other universes. Some believers say that they have the ability to communicate with the living of our universe. Fraud has the opportunity to occur where clients of spiritualists and psychics have vulnerabilities, and when the spiritualists’ succumb their fiduciary-type duties to their own greed.
What is Investment Fraud
This animation explains the Ponzi scheme and what victims should know about investment fraud. Many investment frauds today are based upon the cunning techniques established nearly one hundred years ago by Charles Ponzi, the grandfather of investment fraud. His technique is called a Ponzi scheme: basically a scam where the returns given to early investors are paid for with the investments of later investors. There is never an actual profit generation. The return to the investors consists solely on the money obtained from new investors.