Fraud costs Canadians billions annually

  • Mar. 2, 2011 2:00 p.m.

Pipestone Flyer

Vol. 15, Issue 9, Leduc – Wetaskiwin Pipestone Flyer

Fraud affects a large number of consumer and businesses, undermines the economy, and robs people of their savings and dignity. The RCMP Commercial Crime Branch estimates Canadian fraud to cost between $10 billion to $30 billion annually.

Unfortunately, there is no shortage of fraud schemes trying to get people to part with their money. In today’s economic times, many Albertans are keeping a close eye on their wallets. While law enforcement, government agencies and other consumer organizations are working diligently to detect and disrupt fraud, individuals should still be aware of the potential risks of becoming a victim of fraud.

The top schemes reported by Canadians according the Canadian Anti-Fraud Centre are: “service”, “prize” and “emergency.” Some examples include home renovation, sweepstakes, lottery and charity or disaster relief. The CAFC has found that almost 80% of these crimes are being committed by organized crime groups.

Fraud Prevention Month is recognized in 24 countries worldwide.  Throughout March, activities across the province will remind Albertans to take some important steps to protect themselves from becoming a victim of fraud and to ‘Recognize it. Report it. Stop it.’ In an effort to increase awareness, law enforcement, government agencies and other community organizations have formed Fraud Prevention Alberta. Partners include: Office of the Information and Privacy Commissioner; Service Alberta; Alberta Solicitor General and Public Security; Seniors and Community Supports; Interac; Alberta Securities Commission; Alberta Crime Prevention; Competition Bureau; Bank of Canada; Association of Certified Fraud Examiners; RCMP; Lethbridge Regional Police Service; Calgary Police Service; Edmonton Police Service; and Alberta Motor Association.

To reflect current trends, throughout March, Fraud Prevention Alberta members will highlight the following types of scams:

  • March 1 – 4 (week 1): Social networks
  • March 7 – 11 (week 2): Pin and card fraud
  • March 14 – 18 (week 3): Mass marketing fraud
  • March 21 – 31 (weeks 4 and 5): Identity theft

http://competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/h_00122.html. twitter.com/FraudPrevAB for updates, events and tips on protecting yourself and your family from fraud. For more information on fraud-related crime and awareness events being held in March, please visit www.accpa.orgJoin Fraud Prevention Alberta on Facebook and follow us on Twitter at and

If you suspect you have been a victim of identity theft or fraud, contact your local police or the Canadian www.antifraudcentre.caAnti-Fraud Centre toll-free from anywhere in North America, at 1-888-495-8501 or visit

 

 

Just Posted

(File photo from The Canadian Press)
Red Deer down to 66 active COVID-19 cases

Red Deer has lowest number of active cases since last November

File photo
Wetaskiwin RCMP investigate fatal collision

One fatality in a serious collision on Highway 2A on June 18, 2021.

Participants in Rock Soup Food Bank’s fundraising drag race that took place on June 20, 2021. Shaela Dansereau/ PipestoneFlyer.
Rock Soup Food Bank fundraises with literal drag race down main-street

Participants ran in drag down Wetaskiwin’s main street as a fundraiser for the food bank.

Orange shirts, shoes, flowers and messages are displayed on the steps outside the legislature in Victoria, B.C., on Tuesday, June 8, 2021 following a ceremony hosted by the Songhees and Esquimalt First Nations in honour of the 215 residential school children whose remains have been discovered buried near the facility in Kamloops, B.C. THE CANADIAN PRESS/Chad Hipolito
Alberta city cancels Canada Day fireworks at site of former residential school

City of St. Albert says that the are where the display was planned, is the site of the former Youville Residential School

FILE – Perry Bellegarde, National Chief of the Assembly of First Nations, takes part in an event on Parliament Hill in Ottawa on Tuesday, July 7, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Indigenous Peoples Day must be a ‘call to action’, says Assembly of First Nations chief

Discovery of children at Kamloops residential school site must lead to change, Perry Bellegarde says

The border crossing into the United States is seen during the COVID-19 pandemic in Lacolle, Que. on February 12, 2021. THE CANADIAN PRESS/Paul Chiasson
VIDEO: Border quarantine to soon lift for fully vaccinated Canadians

Eligible travellers must still take multiple COVID-19 tests

FILE - In this Nov. 29, 2020, file photo, Las Vegas Raiders defensive end Carl Nassib leaves the field after an NFL football game against the Atlanta Falcons in Atlanta. Nassib on Monday, June 21, 2021, became the first active NFL player to come out as gay. Nassib announced the news on Instagram, saying he was not doing it for the attention but because “I just think that representation and visibility are so important.” (AP Photo/John Bazemore, File)
Nassib becomes first active NFL player to come out as gay

More than a dozen NFL players have come out as gay after their careers were over

A pair of Alberta residents were arrested after police responded to a report of a woman who had allegedly been assaulted and confined against her will on June 20, 2021. (File photo)
Salmon Arm RCMP arrest 2 Albertans suspected in alleged assault, unlawful confinement

Firearms, stolen items seized including NHL hockey cards believed to be worth thousands

A man makes his way past signage to a mass COVID-19 vaccination centre at the University of Toronto’s Mississauga campus during the COVID-19 pandemic in Mississauga, Ont., on Monday, May 17, 2021. THE CANADIAN PRESS/Nathan Denette
Canadians encouraged to see mRNA shots as interchangeable as more 2nd doses open up

Doctors urge people not to hesitate if offered Moderna after getting Pfizer for their first shot

Chief of Defence Staff Jonathan Vance sits in the front row during a news conference in Ottawa on June 26, 2020. THE CANADIAN PRESS/Adrian Wyld
Defence committee rises without report on Vance allegations

Committee had been investigating the government’s handling of complaints against former defence chief

Tl’etinqox-lead ceremony at the site of the former St. Joseph’s Mission in Williams Lake, B.C., June 18, 2021. (Angie Mindus photo - Williams Lake Tribune)
‘We are all one people’: Honouring residential school victims and survivors

Love, support and curiousity: Canadians urged to learn about residential schools and their impact

Indigenous rights and climate activists gathered outside Liberty Mutual’s office in Vancouver to pressure the insurance giant to stop covering Trans Mountain. (Photo by Andrew Larigakis)
Activists work to ensure Trans Mountain won’t get insurance

Global campaign urging insurance providers to stay away from Canadian pipeline project

Investigators use a bucket to help recover human remains at a home burned in the Camp fire, Thursday, Nov. 15, 2018, in Magalia, Calif. Many of the missing in the deadly Northern California wildfire are elderly residents in Magalia, a forested town of about 11,000 north of the destroyed town of Paradise. (AP Photo/John Locher)
‘Forever War’ with fire has California battling forests instead

Five of the state’s largest-ever blazes seared California last year, as authorities tackle prevention

Tokyo 2020 President Seiko Hashimoto and IOC President Thomas Bach, on a screen, speak during a five=party online meeting at Harumi Island Triton Square Tower Y in Tokyo Monday, June 21, 2021. The Tokyo Olympics will allow some local fans to attend when the games open in just over a month, Tokyo organizing committee officials and the IOC said on Monday. (Rodrigo Reyes Marin/Pool Photo via AP)
Tokyo Olympics to allow Japanese fans only, with strict limits

Organizers set a limit of 50% capacity — up to a maximum of 10,000 fans

Most Read